Gilat Satellite Networks (GILT) F-3 Shelf registration (foreign)

EXHIBIT 12

GILAT SATELLITE NETWORKS LTD.

Computation of Ratios of Earnings to Fixed Charges

	Year ended December 31,
	2006		2007		2008			2009		2010
	(Dollars in thousands, except ratios)
Earnings:
Income before taxes on income		12,844		11,053		321			2,782		30,630
Add: Fixed charges		7,594		3,086		2,950			2,737		2,679
Deduct: Interest on capital notes recognized in 2003 based on FAS 15.		653		653		653			649		625
		19,785		13,486		2,618			4,870		32,684
Fixed Charges:
Interest expense		6,437		2,433		2,297			2,089		2,050
Interest on troubled debt recorded in 2003 according to FAS 15		653		653		653			649		625
Amortized discounts		504
An estimate of the interest within rental expenses											4
		7,594		3,086		2,950			2,737		2,679
Ratio of Earnings to Fixed Charges		2.61		4.37		(*	)		1.78		12.2

(*)The earnings for year ended December 31, 2008 were inadequate to cover total fixed charges. The coverage deficiency for total fixed charges for the year ended December 31, 2008 was $0.3 million.