Exhibit 12.1 URS CORPORATION AND SUBSIDIARIES Computation of Ratio of Earnings to Fixed Charges (In thousands) October 31, October 31, October 31, October 31, October 31, 1998 1997 1996 1995 1994 ---- ---- ---- ---- ---- Income before taxes $ 41,467 $ 19,205 $ 12,055 $ 6,356 $ 4,889 ===================================================================== Fixed charges: Interest expense and amortization of debt discount on all indebtedness $ 10,931 $ 5,623 $ 4,443 $ 1,640 $ 1,501 Appropriate portion (1/3) of rentals 10,200 4,967 3,633 1,900 1,767 --------------------------------------------------------------------- Total fixed charges $ 21,131 $ 10,590 $ 8,076 $ 3,540 $ 3,268 ===================================================================== Income before taxes plus fixed charges $ 62,598 $ 29,795 $ 20,131 $ 9,896 $ 8,157 =========================================== = ========================= Ratio of earnings to fixed charges 3.0 2.8 2.5 2.8 2.5 =====================================================================