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ATK Awarded $21 Million Contract for Production of the AN/AAR-47 Missile Warning System

Similar Systems Available for Commercial Aircraft Protection

Mar 3, 2004

Minneapolis, March 3, 2004 – ATK (Alliant Techsystems, NYSE: ATK) has received a $21 million production contract from the Naval Air Systems Command, Patuxent River, Md., for additional AN/AAR-47 Missile Warning Systems and sensor upgrade kits. The contract represents the fourth production option to ATK’s existing sensor upgrade contract first awarded in 1998. The kits and systems will be delivered to the U.S. Navy, U.S. Air Force, and U.S. allies for integration into various aircraft.

"The AN/AAR-47 system is a battle-proven missile warning system that quickly can become an air crew’s best friend in combat," said Dave Wise, president of ATK Missile Systems. "ATK sensors are ideally suited for identifying the distinctive plume of surface-to air missiles. While primarily deployed on military aircraft, the AN/AAR-47 system is equally capable of providing protection for America’s commercial aircraft fleet."

ATK Missile Systems, Woodland Hills, Calif., will conduct work under the contract at its facility in Clearwater, Fla.

The AN/AAR-47 system is an electro-optical missile warning system for low, slow-flying aircraft. It detects missile launches, from a variety of missile sources, as well as laser-guided and laser-aided threats. The system immediately provides a signal to dispense appropriate countermeasures and displays identified threats to the pilot in the cockpit. The improved sensor technology awarded under this contract greatly increases the probability of detection while significantly reducing the false alarm rate.

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: Aerospace, Precision Systems, 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: FAA certification requirements for commercial aircraft, changes in governmental spending and budgetary policies, 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