CPI Aerostructures, Inc. S-3

 Exhibit 12.1

CPI AEROSTRUCTURES, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	For the Year Ended December 31,
	2016			2015		2014			2013		2012
Pretax income	$	(5,674,576	)	$	8,006,993	$	(37,682,275	)	$	11,153,894	$	16,525,130
Fixed charges:
Interest expense	$	1,356,645		$	918,129	$	984,428		$	1,043,786	$	783,373
Total earnings	$	(4,317,931	)	$	8,925,122	$	(36,697,847	)	$	12,197,680	$	17,308,503
Ratio of earnings to fixed charges		(3.18	)		9.72		(37.27	)		11.68		22.09
Deficiency of earnings available to cover fixed charges	$	(5,674,576	)		—	$	(37,682,275	)		—		—