Exhibit 12.1

Statement regarding Computation of Ratio of Earnings for Fixed Charges

FLIR Systems Inc.

Ratio of Earnings to Fixed Charges

($000)

	Quarter Ended					Year Ended
	6/30/2002			6/30/2003		12/31/1998		12/31/1999			12/31/2000			12/31/2001		12/31/2002
Pre-tax income	$	11,244		$	14,500	$	5,396	$	(52,086	)	$	(22,329	)	$	28,743	$	48,893
Add: Fixed Charges:
Interest Expense		825			445		3,162		7,843			12,022			9,423		1,679
Amortized debt expenses		(35	)		150		—		—			241			426		356
Other		—			—		—		—			—			—		—
Total Fixed Charges		790			595		3,162		7,843			12,263			9,849		2,035
Earnings available for fixed charges	$	12,034		$	15,095	$	8,558	$	(44,243	)	$	(10,066	)	$	38,592	$	50,928
Fixed charges	$	790		$	595	$	3,162	$	7,843		$	12,263		$	9,849	$	2,035
Ratio of earnings to fixed charges		15.23			25.37		2.71		N/C			N/C			3.92		25.03