EX-12 2 dex12.txt EXHIBIT 12 Exhibit 12 Lockheed Martin Corporation Computation of Ratio of Earnings to Fixed Charges For the Three Months Ended March 31, 2001 (In millions, except ratio) Earnings Earnings from continuing operations before income taxes $ 175 Interest expense 197 Amortization of debt premium and discount, net -- Portion of rents representative of an interest factor 26 Losses and undistributed earnings of 50% and less than 50% owned companies, net 8 ------ Adjusted earnings from continuing operations before income taxes $ 406 ====== Fixed Charges Interest expense $ 197 Portion of rents representative of an interest factor 26 Amortization of debt premium and discount, net -- Capitalized interest -- ------ Total fixed charges $ 223 ====== Ratio of Earnings to Fixed Charges 1.8 ======