Exhibit 12.1

GENCORP

RATIO OF EARNINGS TO FIXED CHARGES

								Pro Forma
	Year ended November 30,							Year  ended
	1999	2000		2001		2002	2003	November 30, 2003
Income from continuing operations before income taxes	74	87		187		42	17	19
Earnings of non-consolidated subsidiaries	—	—		—		—	—	—
Minority Interest	—	(3	)	(4	)	1	1	1
Fixed charges	7	20		39		23	37	50
Earnings available for fixed charges	81	104		222		66	55	70
Fixed Charges
Amortization of debt issuance costs	—	—		3		4	5	6
Interest Expense	6	18		33		16	28	40
Portion of Rent Expense Representing Interest	1	2		3		3	4	4
Total Fixed Charges	7	20		39		23	37	50
Ratio of Earnings to Fixed Charges	11.6	5.2		5.7		2.9	1.5	1.4