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ATK Awarded Contract Options Worth $148 Million to Produce Small-Caliber Ammunition

May 8, 2001

ATK (NYSE: ATK)(Alliant Techsystems) said it has been awarded contract options with a combined value of $148 million from the U.S. Army Operations Support Command, Rock Island, Ill., to produce small-caliber ammunition for use by the U.S. Department of Defense. Deliveries under the options, which represent the U.S. government's fiscal year 2001 procurement, will occur between October 2001 and September 2002.

ATK Lake City Small-Caliber Ammunition Company will produce the .50 caliber, 7.62mm, and 5.56mm rounds at the Lake City Army Ammunition Plant in Independence, Mo., which it operates for the U.S. Army. A portion of the ammunition will be new lead-free rounds that are part of a U.S. Army initiative to move to "green ammunition" in the 21st century.

"These production options represent a strong start to our second year of operations at the Lake City plant," said Mark DeYoung, president, ATK Lake City Small-Caliber Ammunition Company. "We laid the foundation for a strong future during the past year, producing more than 500 million rounds of ammunition for the U.S. government and allied and friendly nations, and meeting or exceeding all our first-year business targets. This new order provides a solid production base from which to continue the growth of this business segment."

ATK was selected in 1999 to operate the Lake City Army Ammunition Plant and supply all the U.S. Army's requirements for small-caliber ammunition under a contract that is expected to generate total sales of approximately $1 billion over a 10-year period.

ATK Lake City Small-Caliber Ammunition Company is one of five operating companies within ATK's Defense Group.

ATK is a $1.6 billion aerospace and defense company with leading positions in munitions, precision capabilities, propulsion, and composite structures. The company, which is headquartered in Hopkins, Minn., employs approximately 10,000 people and has two business segments: Aerospace and Defense. ATK news and information can be found on the Internet at http://www.atk.com/

SOURCE: Alliant Techsystems

Contact: Media, Rod Bitz, 952-931-5413, rod_bitz@atk.com, or Investors,
Steve Wold, 952-931-6747, steve_wold@atk.com, both of Alliant Techsystems