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ATK AARGM Off to a Flying Start

ATK Advanced Sensor Technology Paces Evolving Air Defense Threats

May 26, 2004

Minneapolis, May 26, 2004 – ATK (Alliant Techsystems, NYSE: ATK) is currently conducting System Design and Development captive carry flight tests of its AGM-88E Advanced Anti-Radiation Guided Missile (AARGM) at the Naval Air Warfare Center Weapons Division, China Lake, Calif. The flight tests follow the Advanced Technology Demonstration in which a series of AARGM launches successfully acquired, guided to and hit a variety of targets in increasingly complex operational scenarios. The current captive carry tests will help collect and calibrate sensor data for AARGM’s advanced multi-mode seeker.

AARGM, the successor to the AGM-88 High-Speed Anti-Radiation Missile (HARM), is a Navy major acquisition program managed by PMA-242 Defense Suppression Systems program office and employs a multi-sensor guidance system. AARGM’s multi-sensor system, includes a Millimeter Wave (MMW) transceiver, advanced digital Anti-Radiation Homing (ARH) receiver and a tightly coupled GPS/INS, and is capable of selectively engaging a variety of time sensitive strike targets in addition to enemy air defense targets even after radar emissions are shut down.

"Unlike HARM, whose primary effect has been temporary suppression of enemy air defenses, AARGM will give U.S. and allied forces a revolutionary precision strike capability to destroy enemy air defense systems in the kinds of complex threat environments we regularly face in 21st century combat," said Dave Wise, president, ATK Missiles Systems. "AARGM will establish new standards of excellence in its ability to destroy tactically and technically advanced enemy air defense systems, while minimizing friendly fire and collateral damage, and providing near real-time Weapon Impact Assessments (WIA) that support joint force commanders."

ATK has already collected data during "Sensor Week" at Eglin AFB, FL and will continue performing captive test flights throughout the year, including mobile sea target data. Sensor Week is a Joint Services-sponsored test and evaluation opportunity to collect data on multiple threats in different geographic environments.

PMA-242 is a Navy program acquisition office based in Patuxent River, Maryland under the Program Executive Officer for Strike Weapons and Unmanned Aviation, Rear Admiral Tim Heely.

ATK is a $2.4 billion advanced weapons and space systems company with 13,200 employees in 21 states. 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: the technical challenges of advanced seeker development, 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.



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