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ATK Awarded $14 Million Contract to Develop Advanced Mortar Fuze

Sep 27, 2001

ATK (Alliant Techsystems) (NYSE: ATK) said it has been awarded a $14 million contract from the U.S. Army Armament Research, Development, and Engineering Center, Picatinny Arsenal, N.J., for the design, development, and production of the Army's Electronic Time Fuze for Mortars (ETFM).

Development work under the five-year contract will be conducted by ATK Precision Fuze Company, Janesville, Wis., at its design and development center in Hopkins, Minn. Production work will take place at the company's manufacturing plant in Janesville.

The ETFM will be incorporated into air-burst illumination and smoke cartridges for 60mm, 81mm, and 120mm mortars used by the U.S. Army and U.S. Marine Corps. It provides improved timing accuracy and enhanced safety, and can be set by hand without external illumination.

"We are pleased to be chosen by the Army to develop this advanced, highly accurate mortar fuze, which will bring greater mobility and safety to our soldiers and marines in tactical situations," said Blake Larson, president, ATK Precision Fuze Company. "With more than 50 years' experience in designing and producing fuzes, we understand their relationship to ordnance and their importance to our fighting troops. Our team is eager to apply this expertise to the ETFM program."

ATK Precision Fuze Company is a major supplier of precision fuzes and sensors to the U.S. government and a leading producer of lithium batteries for military and aerospace applications. The company has produced over 70 different fuzes and proximity sensors for use in artillery, mortar, rocket, cannon, air-delivered, and special operations systems.

ATK has been an industry partner to the U.S. Army and its soldiers for more than 60 years. Major ATK Army programs include small-caliber, medium-caliber, and large-caliber ammunition, infantry weapon systems, precision fuzes and sensors, tactical barrier and munition systems, and tactical rocket systems.

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 Edina, Minn., employs approximately 9,600 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, +1-952-351-3063, rod_bitz@atk.com, or
Investors, Steve Wold, +1-952-351-3056, steve_wold@atk.com, both of Alliant Techsystems