Exhibit 12.1

Statement regarding Computation of Ratio of Earnings for Fixed Charges

FLIR Systems Inc.

Ratio of Earnings to Fixed Charges

($000)

	Nine months ended September 30,				Year Ended
	9/30/2002		9/30/2003		12/31/1998		12/31/1999			12/31/2000			12/31/2001		12/31/2002
Pre-tax income	$	33,970	$	43,721	$	5,396	$	(52,086	)	$	(22,329	)	$	28,743	$	48,893
Add: Fixed Charges:
Interest Expense		1,533		2,312		3,162		7,843			12,022			9,423		1,679
Amortized debt expenses		271		550		—		—			241			426		356
Other		—		—		—		—			—			—		—
Total Fixed Charges		1,804		2,862		3,162		7,843			12,263			9,849		2,035
Earnings available for fixed charges	$	35,774	$	46,583	$	8,558	$	(44,243	)	$	(10,066	)	$	38,592	$	50,928
Fixed charges	$	1,804	$	2,862	$	3,162	$	7,843		$	12,263		$	9,849	$	2,035
Ratio of earnings to fixed charges		19.83		16.28		2.71		N/C			N/C			3.92		25.03