EX-12 7 dex12.txt RATIO OF EARN. TO FIXED CHARG. 9/30/02 Exhibit 12 Lockheed Martin Corporation Computation of Ratio of Earnings to Fixed Charges For the Nine Months Ended September 30, 2002 (In millions, except ratio) Earnings Earnings from continuing operations before income taxes $ 1,136 Interest expense 443 Losses and undistributed earnings of 50% and less than 50% owned companies, net (21) Portion of rents representative of an interest factor 29 Amortization of debt premium and discount, net 2 -------- Adjusted earnings from continuing operations before income taxes $ 1,589 ======== Fixed Charges Interest expense $ 443 Portion of rents representative of an interest factor 29 Amortization of debt premium and discount, net 2 Capitalized interest -- -------- Total fixed charges $ 474 ======== Ratio of Earnings to Fixed Charges 3.4 ========