MINNEAPOLIS, Aug. 5 /EMWNews/ -- Alliant Techsystems

(NYSE: ATK) said its board of directors has decided to keep ATK's

stockholder rights plan in effect without any modifications. The rights

plan, which was adopted by the board in May 2002, is intended to assure

that ATK stockholders receive fair and equal treatment if efforts are made

to gain control of the company without paying all stockholders a premium

value.



    At the time the stockholder rights plan was approved, the board also

adopted a three-year independent director evaluation ("TIDE") policy with

respect to the plan. The TIDE policy requires the nominating and governance

committee of the board, which is composed solely of independent directors,

to determine at least once every three years whether maintenance of the

plan continues to be in the best interests of ATK and its stockholders.



    After conducting a review in accordance with the TIDE policy, the

nominating and governance committee concluded that the rights plan

continues to be an important mechanism for protecting long-term stockholder

value and recommended that the board continue to maintain the plan. The

board of directors continues to believe that the rights plan is an

important defense against coercive and inadequate offers that could

undermine its ability to effectively negotiate a fair price for

stockholders.



    ATK is a premier aerospace and defense company with more than 17,000

employees in 21 states and $4.5 billion in revenue. News and information

can be found on the Internet at http://www.atk.com.






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