ATK Awarded $55 Million Advanced Anti-Radiation Guided Missile Low Rate Initial Production...

Wed Jan 21, 2009 9:00am EST

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ATK Awarded $55 Million Advanced Anti-Radiation Guided Missile Low Rate
Initial Production Contract by the United States Navy

Initial Operational Capability (IOC) Scheduled for 2010 

AARGM Designed for Compatibility with FA-18C/D, F-35 JSF, EA-6B Prowler, and
F-16 Falcon

MINNEAPOLIS, Jan. 21 /PRNewswire-FirstCall/ -- ATK (NYSE: ATK) has received a
$55 million Low Rate Initial Production (LRIP) contract from the U.S. Navy for
the advanced anti-radiation guided missile (AARGM).  The contract is for
missiles, containers, spares, support/special test equipment, and required
production transition activities.  The contract provides for AARGM deliveries
of sufficient quantity to meet the U.S. Navy's Initial Operational Capability
(IOC) in 2010.  Under terms of the contract, ATK will provide the weapon
systems for use on U.S. Navy and Marine Corps F/A-18C/D aircraft.

ATK collaboratively developed AARGM with the U.S. Navy and Italian Air Force
AARGM Integrated Product Team, led by the Direct and Time Sensitive Strike
Program Office (PMA-242).  The AARGM team also includes members from the Naval
Air Warfare Center Weapons Division - China Lake, Calif., the Naval Air
Systems Command - Patuxent River, Maryland, and multiple industry partners.

AARGM is a supersonic, air-launched tactical missile that will be integrated
on the FA-18C/D, FA-18E/F, EA-18G and Tornado ECR aircraft.  The missile is
also designed for compatibility with the F-35 Joint Strike Fighter, EA-6B
Prowler and U.S. F-16 Falcon aircraft.  Its advanced multi-sensor system,
including a Millimeter Wave (MMW) terminal seeker, advanced digital ARH
receiver and a Global Positioning System/Inertial Navigation System (GPS/INS),
is capable of rapidly engaging traditional and advanced enemy air defense
targets as well as non-radar time-sensitive strike targets.  The AARGM MMW
seeker can operate in concert with the ARH to counter RF shutdown tactics, or
in a stand-alone mode to guide to non-emitting targets.  AARGM is a
network-enabled weapon that will directly receive tactical intelligence
information via an embedded receiver and transmit near real-time Weapon Impact
Assessment (WIA) reports prior to weapon detonation.  AARGM, an upgrade to the
U.S. Navy AGM-88 high speed anti-radiation missile (HARM) system, is a U.S.
and Italian international cooperative acquisition Category I major acquisition
program.  The U.S. Navy is the executive agent for the program.

ATK is a premier aerospace and defense company with more than 17,000 employees
in 21 states and approximately $4.6 billion in revenue.  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:                        Investor Contact:
    Tom Van Leunen                        Steve Wold
    Phone: 410-412-3218                   Phone:  952-351-3056
    E-mail: thomas.vanleunen@atk.com      E-mail: steve.wold@atk.com




SOURCE  ATK

media, Tom Van Leunen, +1-410-412-3218, thomas.vanleunen@atk.com, or
investors, Steve Wold, +1-952-351-3056, steve.wold@atk.com, both for ATK
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