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ATK Awarded $28 Million in 20mm Ammunition Contracts

Total value with options could exceed $46 Million
ATK's 20mm rounds will be used in the U.S. Navy's Phalanx Close-in Weapon System

MINNEAPOLIS, Oct. 9 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) has received $28 million in contracts to provide 20mm ammunition for the Navy's Mk 15 Phalanx Close-In Weapons System (CIWS). If all options are exercised, the total value of the contracts could be more than $46 million. The awards are from the U.S. Naval Surface Warfare Center, Crane Division, Crane, Indiana. Work on the contracts will be performed at ATK facilities in Anoka, Minnesota and Independence, Missouri.

The Phalanx CIWS is a fast-reaction, rapid-fire 20mm gun system that provides U.S. Navy ships with terminal defense against anti-ship missiles and small vessels. As the mainstay self defense system, Phalanx is used by the U.S. Navy on nearly every class of surface combat ship in its fleet and is used by navies of over twenty allied nations. ATK will provide MK 244 20mm enhanced lethality cartridges and M51A4N 20mm dummy cartridges. The tactical MK 244 ammunition is optimized for the longer barrel of the Block1B Phalanx system and features a tungsten alloy penetrator designed to defeat incoming anti-ship missiles and small vessel threats. The M51A4N dummy cartridges are inert molded plastic cartridges that are uploaded into the Phalanx system when live ammunition is removed.

ATK is a $4 billion advanced weapon and space systems company employing approximately 16,500 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: 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:

  Brian Grace                              Steve Wold
  Phone:  952-351-5574                     Phone:  952-351-3056
  E-mail:  brian.grace@atk.com             E-mail:  steve.wold@atk.com