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ATK Receives $52.2 Million to Modernize the Lake City Army Ammunition Plant

ATK Continues to Execute a Multi-Year Modernization Program
Modernization will Assure Lake City Plant Remains Primary Source of Ammunition for Decades to Come

MINNEAPOLIS, Jan. 30 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK), the largest supplier of small-caliber ammunition to the United States military, has received an additional $52.2 million in funding to modernize and enhance manufacturing capability for the production of ammunition. The contract was issued by the U.S. Army Sustainment Command, Rock Island, Ill.

Working in partnership with the Army, ATK has modernized equipment, production lines and facilities dating to the 1940s and 1970s and increased the plant's production from 400 million rounds in 2000 to 1.4 billion in 2007. This ongoing modernization effort will ensure that Lake City remains a dependable source of more affordable, reliable, high quality ammunition for decades to come.

The Lake City Army Ammunition Plant is located in Independence, Missouri. It was originally constructed in 1941 by the U.S. Government as one of several government-owned ammunition plants. The plant is the nation's primary production source for small-caliber rifle ammunition. At this plant, ATK produces a mix of 5.56mm, 7.62mm, .50-caliber and 20mm cartridges. Currently, 1.4 billion cartridges are produced per year with the capability to provide up to 1.6 billion rounds should that capacity be needed.

ATK is an advanced weapon and space systems company with annual revenues in excess of $4.1 billion that employs approximately 17,000 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