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ATK Awarded $13 Million Contract for Javelin Anti-Armor Missile System

ATK Composite Launch Tubes to Support U.S. and FMS Sales

Mar 30, 2004

Minneapolis, March 30, 2004 – ATK (Alliant Techsystems, NYSE: ATK) has been awarded a $13 million contract by the Raytheon/Lockheed Martin Javelin Joint Venture team to manufacture composite launch tube assemblies for the Javelin anti-armor weapon system. The Javelin launch tube assembly is manufactured at ATK Tactical Systems, Rocket Center, W.Va.

ATK will deliver the composite launch tube assemblies to the Joint Venture in support of U.S. and foreign military sales (FMS). The majority of this award is intended to support FMS sales. Production will begin in April 2004 and continue through September 2005.

"ATK is pleased to provide this integral component of the Javelin missile system to the Javelin JV and ultimately, allied defense forces," said Dr. Jim Condon, president, ATK Tactical Systems. "The composite launch tube assembly is strong and lightweight, helping make the Javelin missile system a truly man-portable system."

Javelin, the world’s premier shoulder-fired anti-armor system, was developed for the U.S. Army by the Raytheon/Lockheed Martin Joint Venture. It is designed to defeat enemy armor targets by utilizing a top-attack profile to strike where the armor is weakest.

ATK is a $2.3 billion aerospace and defense systems company. News and information can be found on the Internet at www.atk.com. The company, which is headquartered in Edina, Minn., employs approximately 13,200 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 foreign government 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.