Exhibit 12.1

ARROW ELECTRONICS, INC.

RATIO OF EARNINGS TO FIXED CHARGES

(In thousands)

	Six Months Ended		Year Ended December 31,
	June 27, 2015		2014		2013		2012		2011		2010
Reconciliation of earnings:
Income before income taxes	$	319,608	$	683,333	$	582,219	$	710,359	$	809,801	$	679,003
Less:
Equity in earnings of affiliated companies		3,216		7,318		7,429		8,112		6,736		6,369
Capitalized interest		3,153		7,967		7,890		10,713		11,721		11,677
Plus:
Fixed charges		83,750		155,302		154,610		144,736		148,766		113,395
Amortization of capitalized interest		2,169		5,504		3,947		1,966		777		307
Distributed income of equity investees		1,342		2,700		2,620		2,269		2,144		1,751
Total earnings	$	400,500	$	831,554	$	728,078	$	840,505	$	943,031	$	776,410
Calculation of fixed charges:
Interest and other financing expense	$	68,012	$	121,537	$	120,065	$	107,655	$	112,084	$	81,623
Capitalized interest		3,153		7,967		7,890		10,713		11,721		11,677
Interest component of rent expense		12,585		25,797		26,655		26,368		24,961		20,095
Total fixed charges	$	83,750	$	155,302	$	154,610	$	144,736	$	148,766	$	113,395
Ratio of earnings to fixed charges		4.78		5.35		4.71		5.81		6.34		6.85