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ATK Receives First $5.5 Million for a Facility Modernization Project at Lake City Army Ammunition Plant

Modernization Project Enables Increased Capacity

Nov 4, 2004

Minneapolis, November 4, 2004 – ATK (NYSE: ATK) has received a $5.5 million contract from the U.S. Army Field Support Command, Rock Island, Ill., to begin additional modernization efforts at the Lake City Army Ammunition Plant, Independence, Mo.

The facility modernization project provides the foundation for strengthening critical U.S. domestic small-caliber ammunition industrial capability by improving capacity, efficiency and product quality. Scheduled for completion in September 2006, the Lake City modernization project will have a lasting positive impact on the readiness of our Armed Forces.

ATK Lake City Ammunition is the largest provider of small-caliber ammunition to the Department of Defense and is on track to deliver 1.2 billion rounds of ammunition in 2004.

ATK is a $2.4 billion advanced weapon and space systems company employing 13,600 people in 23 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: changes in governmental spending and budgetary policies, projected ammunition purchases, 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.