EX-12.1 7 a2122989zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


DRS Technologies, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)

 
  Fiscal Year Ended March 31,
   
 
 
  Six months
ended
September 30, 2003

 
 
  2003
  2002
  2001
  2000
  1999
 
Earnings before minority interests and income taxes   $ 57,450   $ 39,967   $ 26,380   $ 14,150   $ 6,801   $ 29,891  

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Fixed Charges

 

 

16,889

 

 

15,721

 

 

15,228

 

 

15,500

 

 

10,857

 

 

10,328

 
   
 
 
 
 
 
 

Earnings as adjusted

 

$

74,339

 

$

55,688

 

$

41,608

 

$

29,650

 

$

17,658

 

$

40,219

 
   
 
 
 
 
 
 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Interest on indebtedness including amortization of deferred financing costs

 

$

10,589

 

$

10,954

 

$

11,461

 

$

12,600

 

$

9,357

 

$

7,178

 
 
Portion of rents representative of the interest factor

 

 

6,300

 

 

4,767

 

 

3,767

 

 

2,900

 

 

1,500

 

 

3,150

 
   
 
 
 
 
 
 

Fixed Charges:

 

$

16,889

 

$

15,721

 

$

15,228

 

$

15,500

 

$

10,857

 

$

10,328

 
   
 
 
 
 
 
 

Ratio of earnings to fixed charges

 

 

4.4

x

 

3.5

x

 

2.7

x

 

1.9

x

 

1.6

x

 

3.9

x
   
 
 
 
 
 
 



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DRS Technologies, Inc. Computation of Ratio of Earnings to Fixed Charges (Dollar amounts in millions)