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ATK Awarded $38 Million under Long-term Small-caliber Ammunition Contract

ATK Meets the Demand for Navy and Army Customers

Jun 2, 2004

Minneapolis, June 2, 2004 – ATK (NYSE: ATK) has received a $38 million order from the U.S. Army Joint Munitions Command (JMC), Rock Island, Ill., to supply 50-caliber ammunition to the U.S. Department of Defense (DoD). The ammunition will be produced by ATK at the Lake City Army Ammunition Plant in Independence, Mo.

Mark DeYoung, senior vice president, ATK Ammunition and Related Products Group, said, "ATK is meeting the call to provide the U.S. armed forces with the high quality small-caliber ammunition needed by the nation’s warfighters for both training and combat."

DeYoung added that ATK has nearly quadrupled production rates at Lake City in the four years it has had responsibility for operating the plant. "We have used our experience and capability in manufacturing management and technical excellence to respond to the increased demand for quality ammunition and links," he said. The production rates at Lake City continue to increase each quarter.

ATK also produces ammunition for commercial, law enforcement, and special military markets under the Federal Cartridge, CCI, and Speer brands. "The blend of commercial and military small-caliber ammunition capability and capacity within ATK’s ammunition portfolio has been a tremendous asset for the United States during the production ramp-up at Lake City," stated DeYoung. "We are well positioned to meet the Army’s request for a system integrator to address additional needs over the next few years, whether those requirements are satisfied at Lake City, at one of our commercial ammunition companies, a combination of both, or through partnerships."

ATK Lake City Small Caliber Ammunition is one of three operating units within ATK’s Ammunition and Related Products Group. The group produces more than 4 billion high quality rounds of ammunition annually, including military small-caliber and medium-caliber, law enforcement, and commercial ammunition.

ATK is a $2.4 billion advanced weapon and space systems company employing 13,200 people in 21 states. News and information can be found on the Internet at www.atk.com.