EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

The Boeing Company and Subsidiaries

(Dollars in millions)

	Three months ended March 31, 2013
			Years ended December 31,
			2012		2011			2010			2009			2008
Earnings before income taxes		$1,438		$5,910		$5,393			$4,507			$1,731			$3,995
Fixed charges excluding capitalized interest	131		603		677			726			564			492
Amortization of previously capitalized interest	19		75		64			60			61			50
Net adjustment for earnings from affiliates	5		69		(38		)	(11		)	(10		)	(10		)
Earnings available for fixed charges		$1,593		$6,657		$6,096			$5,282			$2,346			$4,527
Fixed charges:
Interest and debt expense(1)		$118		$551		$626			$676			$514			$425
Interest capitalized during the period	21		74		57			48			90			99
Rentals deemed representative of an interest factor	13		52		51			50			50			67
Total fixed charges		$152		$677		$734			$774			$654			$591
Ratio of earnings to fixed charges	10.5		9.8		8.3			6.8			3.6			7.7

⁽¹⁾  Amount does not include tax-related interest expense which is reported as a component of Income tax expense in our Condensed Consolidated Statements of Operations.