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ATK Receives $15 Million Contract to Build Fuzes for the M-228 Practice Grenade

Options Could Push Total Value to $57 Million *ATK'S Fuzes Ensure Realistic Training for Ground Forces

Aug 23, 2005

Minneapolis and Rocket Center, W.Va., August 23, 2005 – Alliant Techsystems (NYSE: ATK) has received a production contract valued at approximately $15 million for M-228 Practice Grenade Fuzes. The contract was awarded through the U.S. Army Field Support Command, Rock Island, Illinois. If all options are exercised, the total value of the contract could be worth approximately $57 million. Work on the contract will be performed at the company’s Allegany Ballistics Laboratory in Rocket Center, W.Va.

ATK is an industry leader in the design, development and production of fuzes for gun projectiles, bombs, and other ordnance systems. The company currently manufactures fuzes for the M782 Multi-Option Fuze for Artillery, the DSU-33 C/B proximity sensor for air-dropped bombs, and the FMU-139 C/B electronic impact/impact delay fuze for both guided and unguided bombs.

The fuze for the M-228 practice grenade will allow the U.S. Army, Navy, Air Force and Marine Corps to properly train their warfighters in the use of currently fielded grenades. This fuze will allow for a time delay before detonation to replicate actual combat applications. This training device will be used in the re-useable training grenade body.

The M-228 Practice Grenade Fuze will be manufactured on a new, highly automated production line that will be operational by March 2006. This production line will incorporate automated manufacturing techniques for consistent, high-quality, low cost production.

ATK is a $3.1 billion advanced weapon and space systems company employing approximately 14,500 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, economic conditions, equity market returns, the company's competitive environment, the timing of awards and contracts, and program performance. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and the 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.