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ATK Receives $8 Million Contract to Manufacture Sparrow Rocket Motors at Its Rocket Center, West Virginia Facility


MINNEAPOLIS, Aug. 27 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK) has received an $8 million modification to the existing production contract to manufacture solid propellant rocket motors for the Sparrow medium range air-to-air missile system. The contract modification was awarded to ATK by the Naval Air Systems Command, Patuxent River, Maryland to supply rocket motors for Foreign Military Sales (FMS).

Production of the Sparrow motors began in April 2007, with deliveries planned to begin in September 2008. In addition to casting the solid-propellant rocket motors ATK will also manufacture the metals cases. All production will occur at ATK's manufacturing center of excellence at Rocket Center, West Virginia.

The rocket motors produced under this contract will support the FMS requirements for South Korea, Germany, Portugal, Kuwait and Chile.

ATK began production of the Mk 58 Sparrow rocket motor at its West Virginia facility in 1969 and has produced over 35,000 units. The Mk 58 rocket motor is used to propel the air-to-air AIM-7 Sparrow and the surface-to-air RIM-7 Sea Sparrow missile systems.

ATK is the leading propulsion supplier for all U.S. manufactured air-to-air missiles. In addition to manufacturing rocket motors for the AIM-7 Sparrow, ATK manufactures the rocket motors for the AIM-9M and AIM-9X Sidewinder as well as the AIM-120C and AIM-120D AMRAAM (advanced medium range air-to-air missile) missiles for the U.S. Air Force and U.S. Navy.

ATK is a $4.0 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: the challenges associated with developing advanced weapons, 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:
Tracy Imm
Phone: 410-864-4824
E-mail: tracy.imm@atk.com

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

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