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ATK Awarded Precision Guidance Kit Contract After Multi-Day Competitive Shoot-Off

Initial $18 Million Demonstration Contract Paves the Way for First Production by 2009
ATK's PGK Signals a Fundamental Change in Artillery
With Options, Estimated Value of Production Expected to Be Approximately $1 Billion

MINNEAPOLIS, May 30 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) has received an initial 18-month, $18 million system design and development (SDD) contract from the United States Army Armament Research, Development and Engineering Center (ARDEC) to proceed with development of the company's revolutionary precision guidance kit (PGK) for 155mm artillery. The follow-on production options, scheduled for first deliveries in 2009, are expected to be worth approximately $125 million over a three year period. It is expected that there will be additional domestic and international sales to follow.

"PGK will introduce an era of never-before imagined precision for U.S. and NATO artillery" said Dan Murphy, Chairman and CEO. "The performance and simplicity of the GPS-guided design will transform existing unguided rounds into affordable, one shot, one kill weapon systems. Because PGK does not require the development of a new projectile or gun system, it will establish the conventional 155mm howitzer as the most affordable long-range precision- strike system on the battlefield."

ATK was awarded the contract following a multi-day, competitive shoot-off at the Yuma Proving Grounds, Yuma, Arizona. During the competition, ATK demonstrated accuracy better than twice that required.

ATK's PGK design features a GPS-based, fixed canard guidance and control approach with gun-hardened electronics, a self-generated power supply, and a minimum number of moving parts.

ATK is a $3.8 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 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: the challenges of developing next-generation precision attack munitions, 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
E-mail: bryce.hallowell@atk.com

Investor Contact:
Steve Wold
Phone: 952-351-3056
E-mail: steve.wold@atk.com



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