EX-12.1 3 a2153061zex-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,
   
 
 
  Nine months
ended
December 31, 2004

 
 
  2004
  2003
  2002
  2001
  2000
 
Earnings from continuing operations before minority interests and income taxes   $ 79,282   $ 57,450   $ 39,967   $ 26,380   $ 14,150   $ 74,340  

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Fixed Charges

 

 

31,659

 

 

16,889

 

 

15,721

 

 

15,228

 

 

15,500

 

 

32,997

 
   
 
 
 
 
 
 

Earnings as adjusted

 

$

110,941

 

$

74,339

 

$

55,688

 

$

41,608

 

$

29,650

 

$

107,337

 
   
 
 
 
 
 
 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
Interest on indebtedness including amortization of deferred financing costs

 

$

24,259

 

$

10,589

 

$

10,954

 

$

11,461

 

$

12,600

 

$

27,447

 
 
Portion of rents representative of the interest factor

 

 

7,400

 

 

6,300

 

 

4,767

 

 

3,767

 

 

2,900

 

 

5,550

 
   
 
 
 
 
 
 

Fixed Charges:

 

$

31,659

 

$

16,889

 

$

15,721

 

$

15,228

 

$

15,500

 

$

32,997

 
   
 
 
 
 
 
 

Ratio of earnings to fixed charges

 

 

3.5

x

 

4.4

x

 

3.5

x

 

2.7

x

 

1.9

x

 

3.3

x
   
 
 
 
 
 
 



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