EX-12.1 5 v311221_ex12-1.htm EXHIBIT 12.1

Exhibit 12.1

CPI AEROSTRUCTURES, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

		For the Year Ended December 31,
		2011				2010				2009				2008				2007
Pretax income		$	10,538,928			$	542,896			$	5,861,007			$	3,853,613			$	3,016,896
Fixed charges:
Interest expense		$	366,491			$	158,406			$	252,961			$	31,847			$	22,441
Interest on rental			325,902				110,133				128,588				145,247				160,236
Total earnings		$	11,231,321			$	811,435			$	6,242,556			$	4,030,707			$	3,199,573
Ratio of earnings to fixed charges			16.22				3.02				16.36				22.76				17.51