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ATK Receives Orders Worth $67 Million for Tank Training Ammunition

ATK Receives Orders Worth $67 Million for Tank Training Ammunition

Mar 1, 2004

Minneapolis, March 1, 2004 – ATK (Alliant Techsystems, NYSE: ATK) has received orders worth $67 million from the U.S. Army Joint Munitions Command, Rock Island, Ill., to continue production of 120mm training ammunition used by the Army’s M1A1/A2 Abrams main battle tank and to continue to provide logistics support for the ammunition.

ATK Ordnance and Ground Systems, Plymouth, Minn., is the prime contract systems manager for the orders, which represents the first annual procurement under a four-year contract with a potential total value of $220 million. Deliveries are slated to begin in December 2004.

"ATK is proud of the role we play in supporting our armed forces with the training rounds they need to maintain a high state of readiness," said Larry Osgood, Program Director.

The nation’s largest manufacturer of ammunition, ATK produces a complete family of tactical and training rounds for main battle tanks. The company also is developing the U.S. Army’s next-generation combat and training ammunition for the Abrams tank.

ATK is a $2.2 billion aerospace and defense company with strong positions in propulsion, composite structures, munitions, precision capabilities, and civil and sporting ammunition. The company, which is headquartered in Edina, Minn., employs approximately 12,600 people and has three business groups: Precision Systems, Aerospace, and Ammunition and Related Products. ATK news and information can be found on the Internet at www.atk.com.

Certain information discussed in this press release constitutes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those factors are: changes in governmental spending and budgetary policies, Department of Defense training doctrine, economic conditions, equity market returns, the company's competitive environment, the timing of awards and contracts, the outcome of contingencies, including litigation and environmental remediation, program performance, and sales projections. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, reference should be made to ATK’s filings with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K.