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ATK Receives More Than $45 Million in New Medium-Caliber Ammunition Business

Total Contract Options Could Push Value to Approximately $60 Million

ATK'S New Medium-Caliber Systems Structure Provides the Customer With a Best Value Option

MINNEAPOLIS, Oct. 5 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK), the nation's leading supplier of medium-caliber training and tactical ammunition, has received two contracts, totaling more than $45 million, to supply 30mm PGU-15 Training Practice and 25mm M792 High Explosive Incendiary rounds to the U.S. Joint Munitions Command and the U.S. Army Tank, Automotive and Armament Command, respectively. If additional options are exercised, the total value of the two contracts could approach $60 million.

"Recent contract wins confirm that our decisions to relocate projectile and fuze manufacturing into a new, modern production facility, and to organizationally realign medium-caliber ammunition and medium-caliber chain guns under a single management structure were the right choices for our customer," said Mark DeYoung, President ATK Ammunition Systems. "Our customers now have a single point of contact to work with for all their medium-caliber ammunition needs. This direct interface creates a closer, more customer-focused relationship and offers the customer the best value in the industry."

U.S. Air Force A-10 squadrons will use 30mm PGU-15 ammunition to develop and maintain essential air-to-ground combat skills. The round's ballistic flight profile is identical to the High Explosive round used in a tactical configuration. The ballistic match allows pilots to use non-exploding training ammunition yet train in a realistic combat environment.

The 25mm M792 round is the primary medium-caliber round U.S. forces use to defeat light-armored vehicles, helicopters, additional crew-served weapons and other strategic targets. It is fired from the M242 Bushmaster Chain Gun, manufactured at ATK's facilities in Mesa, Arizona.

ATK is a $3.4 billion advanced weapon and space systems company employing approximately 15,000 people in 22 states. News and information can be found on the Internet at http://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, budgetary policies and product sourcing strategies; the company's competitive environment; the terms and timing of awards and contracts; and economic conditions. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, please refer to ATK's most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission.

   Media Contact:                      Investor Contact:
   Bryce Hallowell                     Steve Wold
   Phone:  952-351-3087                Phone:  952-351-3056
   E-mail:  bryce.hallowell@atk.com    E-mail:  steve.wold@atk.com

SOURCE: Alliant Techsystems

CONTACT: Media, Bryce Hallowell, +1-952-351-3087,
bryce.hallowell@atk.com , or Investors, Steve Wold, +1-952-351-3056,
steve.wold@atk.com , both of ATK