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ATK Awarded Four-Year Contract to Operate Lake City Army Ammunition Plant

Posted on: Thursday, 2 April 2009, 11:00 CDT

U.S. Army Recognizes ATK's Proven Management Capabilities with Four Year Lake City Army Armament Plant Contract

First Orders Under New Contract to Total $481 Million

MINNEAPOLIS, April 2 /PRNewswire-FirstCall/ -- Alliant Techsystems (NYSE: ATK), the world's leading small-caliber ammunition manufacturing entity, has been awarded a contract from the U.S. Army Contracting Command, Rock Island Contracting Center, Rock Island, Ill., to continue operating the Lake City Army Ammunition Plant (LCAAP) for an additional four years. Under the new contract, ATK will continue to supply small-caliber ammunition through September 2013. The award assures an uninterrupted supply of ammunition to the U.S. military beyond ATK's current 10-year contract.

The U.S. Army also awarded ATK $481 million in orders under the new contract for production of 5.56mm, 7.62mm, and .50-caliber ammunition and to continue work to modernize the Lake City facility.

ATK began operating the plant, located in Independence, Mo., in April 2000 and has increased production from 350 million to more than 1.4 billion rounds annually. The plant has the capability to produce a mix of 5.56mm, 7.62mm, .50-caliber, and 20mm cartridges, as well as ammunition links.

"ATK offers proven capabilities in facility management, efficient manufacturing, and innovative product development," said ATK Armament Systems President Mark DeYoung "and this contract is a recognition of our expertise and our performance in these areas. We're proud to have the opportunity to continue to focus on meeting the needs of the customer and our nation's fighting forces".

ATK is a premier aerospace and defense company with more than 19,000 employees in 22 states, Puerto Rico and internationally, and revenues in excess of $4.5 billion. News and information can be found on the Internet at 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: Amanda Covington Phone: 801-779-4625 E-mail: amanda.covington@atk.com Investor Contact: Jeff Huebschen Phone: 952-351-2929 E-mail: jeff.huebschen@atk.com

SOURCE ATK

Source: PR Newswire

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