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ATK Precision Guided Mortar Munition Scores Direct Hit in Guided Flight Test

PGMM Is the Ideal Weapon System for Urban Combat
ATK's Advanced Design Gives Mortars Entirely New Precision Capability
ATK Places Affordable Precision in the Hands of the Warfighter

MINNEAPOLIS, March 19 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) has successfully demonstrated the robust design, mission effectiveness, and accuracy of its Precision Guided Mortar Munition (PGMM). In a guided flight test at the Yuma Proving Grounds, Yuma, Arizona, ATK scored a hit after firing PGMM from a standard 120mm mortar. The round flew approximately 2.5 miles to target and maneuvered to a precision strike, using embedded thrusters located in the body of the projectile.

"With the success of this guided flight test, ATK has ushered in the era of affordable, precision munitions for troops on the ground," said Jack Cronin, President, ATK Mission Systems Group. "PGMM isn't a promise in a presentation -- it is an artfully designed precision projectile that is now a reality."

In December 2004, ATK received an initial $80 million for a system design and development (SDD) contract to give the U.S. Army an unmatched precision advantage in 120mm mortars. Since commencing work under the SDD contract, ATK has achieved a number of key program milestones, including the preliminary design review, demonstrated guided flight to the target, and the critical design review, which is currently underway. ATK is confident that with continued funding through the SDD phase of the program, it will meet all cost and schedule requirements.

"PGMM meets an existing and critical need for our nation's soldiers," continued Cronin. "It is the ideal round for urban combat because it eliminates collateral damage, is on target within seconds, and provides the stand-off range our troops need."

ATK is a $3.5 billion advanced weapon and space systems company employing approximately 15,500 people in 21 states. News and information can be found on the Internet at .

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:

Bryce Hallowell
Phone: 952-351-3087

Investor Contact:
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