EX-12 18 file013.htm RATIO OF EARNINGS TO FIXED CHARGES

L-3 Communications Holdings, Inc.
and L-3 Communications Corporation
Ratio of Earnings to Fixed Charges

Exhibit 12


  L-3
  Year Ended December 31,
  2003 2002 2001 2000 1999
Earnings:
Income before income taxes and
cumulative effect of a change in accounting principle
$ 433,813   $ 314,023   $ 186,222   $ 134,079   $ 95,430  
Add:
Interest expense   124,706     115,100     80,002     87,308     56,686  
Amortization of debt expense   7,977     7,392     6,388     5,724     3,904  
Interest component of rent expense   24,364     22,342     14,332     11,882     7,500  
Earnings $ 590,860   $ 458,857   $ 286,944   $ 238,993   $ 163,520  
Fixed charges:
Interest expense   124,706     115,100     80,002     87,308     56,686  
Amortization of debt expense   7,977     7,392     6,388     5,724     3,904  
Interest component of rent expense   24,364     22,342     14,332     11,882     7,500  
Fixed charges $ 157,047   $ 144,834   $ 100,722   $ 104,914   $ 68,090  
Ratio of earnings to fixed charges   3.8   3.2   2.8   2.3   2.4