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ATK Awarded Contracts Totaling $85 Million for Trident Missile Propulsion Systems

Jun 12, 2002

ATK (Alliant Techsystems) (NYSE: ATK) has been awarded two contracts with a combined value of $85 million from Lockheed Martin Space Systems Company - Missiles & Space Operations, Sunnyvale, Calif., to produce solid propulsion systems for all three stages of the U.S. Navy's Trident II (D-5) Fleet Ballistic Missile (FBM).

Under a $65 million contract, ATK Thiokol Propulsion, Promontory, Utah, will continue production of Trident propulsion systems through 2005. A second contract worth $20 million calls for the re-qualification of production materials used in the propulsion systems. Work under the contracts will be performed at the company's manufacturing facilities in Promontory, Clearfield, and Magna, Utah.

The only U.S. submarine-launched strategic missile system in production today, the Trident II FBM was first deployed in 1990 and is planned for deployment past 2020. It is launched from U.S. Navy Ohio-class (Trident) submarines and has a range of 4,000 nautical miles.

ATK Thiokol Propulsion was formed in 2001 following the acquisition of Thiokol Propulsion by ATK. Prior to that, the two companies conducted work on the Trident program as the ATK/Thiokol Propulsion Consolidated Joint Venture.

Before the acquisition, ATK and Thiokol Propulsion had been involved in joint-venture production of solid propulsion systems for submarine-launched ballistic missiles for 36 years, beginning with the Poseidon missile.

ATK is a $2 billion aerospace and defense company with leading positions in propulsion, composite structures, munitions, and precision capabilities. The company, which is headquartered in Edina, Minn., employs approximately 11,300 people and has three business groups: Aerospace, Precision Systems, and Ammunition. ATK news and information can be found on the Internet at http://www.atk.com/ .

SOURCE: Alliant Techsystems

CONTACT: Media, Rod Bitz, +1-952-351-3063, or rod_bitz@atk.com, or
Investors, Steve Wold, +1-952-351-3056, or steve_wold@atk.com, both of
Alliant Techsystems