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Exhibit 11
ENGINEERED SUPPORT SYSTEMS, INC.
STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
<CAPTION>
Three Months Ended Six Months Ended
April 30 April 30
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
NET INCOME $2,570,099 $1,792,234 $5,144,370 $3,180,636
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BASIC EARNINGS PER SHARE
Average basic shares outstanding 6,984,016 5,052,423 6,953,217 4,950,724
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$.37 $.35 $.74 $.64
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DILUTED EARNINGS PER SHARE
Average basic shares outstanding 6,984,016 5,052,423 6,953,217 4,950,724
Net effect of dilutive stock options<F1> 177,078 178,179 163,470 179,103
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7,161,094 5,230,602 7,116,687 5,129,827
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$.36 $.34 $.72 $.62
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<FN>
<F1> Based on the treasury stock method.
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