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EXHIBIT 12.1


FOSTER WHEELER LTD.STATEMENT OF COMPUTATION OF CONSOLIDATED RATIO OFEARNINGS TO FIXED CHARGES(in thousands)

|                                                                                                              |  | For the Year Ended |         
|------------------------------------------------------------------------------------------------------------- |  | ------------------ | --------
|                                                                                                              |  | December 30,2005   |         
|                                                                                                              |  |                    |         
|Earnings/(loss):                                                                                              |  |                    |         
|Net loss prior to cumulative effect of a change in accounting principle                                       |  | $                  | (109,749
|Provision for income taxes (1)                                                                                |  |                    | 39,568  
|Total fixed charges                                                                                           |  |                    | 61,485  
|Capitalized interest                                                                                          |  |                    |        
|Capitalized interest amortized                                                                                |  |                    | 2,286   
|Equity earnings of non-consolidated affiliated companies accounted for by the equity method, net of dividends |  |                    | (9,303  
|                                                                                                              |  |                    |         
|                                                                                                              |  | $                  | (15,713 
|                                                                                                              |  |                    |         
|Fixed charges:                                                                                                |  |                    |         
|Interest expense                                                                                              |  | $                  | 50,618  
|Capitalized interest                                                                                          |  |                    |        
|Imputed interest on non-capitalized lease payment                                                             |  |                    | 10,867  
|                                                                                                              |  |                    |         
|                                                                                                              |  | $                  | 61,485  
|                                                                                                              |  |                    |         
|Ratio of Earnings to Fixed Charges (2)                                                                        |  |                    |        
|                                                                                                              |  |                    |         
|                                                                                                              |  |                    |         

| | 
| | 

|(1) | Includes increases in the tax valuation allowance of $58,000, $175,600 and $197,000 in 2003, 2002 and 2001, respectively.
|--- | -------------------------------------------------------------------------------------------------------------------------

|(2) | Earnings are inadequate to cover fixed charges. The coverage deficiencies are $77,198 in 2005, $246,275 in 2004, $120,115 in 2003, $365,268 in 2002 and $216,122 in 2001.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Note:     The preferred shares do not accrue dividends and, therefore, the consolidated ratio of earnings to fixed charges and preferred share dividend requirements would have been the same as the consolidated ratio of earnings to fixed charges for the period indicated.

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