EX-12.1 3 a2094255zex-12_1.txt EXHIBIT 12.1 Exhibit 12.1 DRS Technologies, Inc. Statement of Computation of Ratio of Earnings to Fixed Charges
Six Months Ended September 30, Year Ended March 31, ----------------- ----------------------------------------------------------- 2002 2002 2001 2000 1999 1998 ----------------- ------- ------- ------- ------- ------- Earnings: Pre-tax income from continuing operations before minority interests and extraordinary item $24,934 $39,967 $26,380 $14,150 $ 6,801 $10,663 Add: Interest and related expenses 4,755 10,954 11,461 12,600 9,357 5,098 Estimated interest component of rent expense 3,007 4,762 3,763 2,897 1,499 1,132 ------- ------- ------- ------- ------- ------- Earnings $32,696 $55,683 $41,604 $29,647 $17,657 $16,893 ======= ======= ======= ======= ======= ======= Fixed Charges: Interest and related expenses $ 4,755 $10,954 $11,461 $12,600 $ 9,357 $ 5,098 Estimated interest component of rent expense 3,007 4,762 3,763 2,897 1,499 1,132 ------- ------- ------- ------- ------- ------- Fixed Charges $ 7,762 $15,716 $15,224 $15,497 $10,856 $ 6,230 ======= ======= ======= ======= ======= ======= Ratio of earnings to fixed charges 4.2x 3.5x 2.7x 1.9x 1.6x 2.7x