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ATK Awarded $92 Million Missile Defense Propulsion Systems Contract For STANDARD Missile-3 Deployment

Aug 25, 2003

MINNEAPOLIS, Aug. 25 /PRNewswire-FirstCall/ -- ATK (Alliant Techsystems) (NYSE:ATK) has received a $92 million propulsion systems contract from Raytheon Missile Systems in support of initial deployment of the STANDARD Missile-3 (SM-3) for the U.S. Navy sea-based Aegis Ballistic Missile Defense System.

The contract awarded to ATK Elkton, Elkton, Md., is for engineering plus the manufacture and delivery of the Mk136 Third Stage Rocket Motor (TSRM) and the Mk142 kinetic warhead Solid Divert and Attitude Control System (SDACS). TSRM and SDACS deliveries under the contract will support SM-3 missile deployments during 2004 in response to a December 2002 directive from President Bush to deploy an initial missile defense capability. TSRM and SDACS technology development efforts are also being pursued under the contract with the objective of enhancing future SM-3 missile capabilities.

TSRM and SDACS propulsion systems will continue to be used to support SM-3 flight tests over the coming months as part of a plan to further demonstrate and evolve the Aegis Ballistic Missile Defense System capability. ATK Elkton developed TSRM and SDACS under contract to Raytheon Missile Systems, Tucson, Ariz.

ATK Elkton is a leading supplier of solid propellant propulsion systems and ordnance devices for missile defense, space, strategic, and tactical applications.

Key suppliers for Maryland-based ATK Elkton's TSRM and SDACS propulsion systems are diverse and located throughout the United States. They include: Honeywell and Pacific Scientific (locations in both Arizona and California); American Automated Engineering, Ultramet, and Keystone (California); AMTI, Microtronics, Tramtech, and Tube Specialties (Arizona); Fiber Materials Inc. (Maine); Ensign Bickford (Connecticut); Rhenium Alloys (Ohio); Microway (Illinois); Oceaneering (Virginia); and G.W. Lisk and Aerodyne (New York).

With headquarters in Lexington, Mass., and 2002 sales of $16.8 billion, Raytheon Company (NYSE:RTN) is an industry leader in defense, government and commercial electronics, space, information technology, technical services, and business and special mission aircraft. Raytheon employs more than 76,000 people worldwide.

ATK is a $2.2 billion aerospace and defense company with strong positions in propulsion, composite structures, munitions, precision capabilities, and civil and sporting ammunition. The company, which is headquartered in Edina, Minn., employs approximately 12,000 people and has three business groups: Aerospace, Precision Systems, and Ammunition and Related Products. ATK news and information can be found on the Internet at http://www.atk.com/
.

Certain information discussed in this press release may constitute 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: unforeseen delays in NASA's Space Shuttle program, changes in governmental spending and budgetary policies, economic conditions, equity market returns, the company's competitive environment, the timing of awards and contracts, the outcome of contingencies, including litigation and environmental remediation, program performance, and sales projections. ATK undertakes no obligation to update any forward-looking statements. For further information on factors that could impact ATK, and statements contained herein, reference should be made to ATK's filings with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K.

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 Alliant Techsystems