ATK and Lockheed Martin to Develop Conventional Ballistic Missile for U.S. Navy

Minneapolis, July 12, 2005 – Alliant Techsystems (NYSE: ATK) and Lockheed Martin (NYSE: LMT) have been awarded a $9.2 million contract by the U.S. Navy’s Strategic Systems Program (SSP) office to demonstrate and validate solid rocket motor technologies suitable for a Submarine Launched Intermediate Range Ballistic Missile (SLIRBM). SLIRBM is a conventional missile concept that builds on the heritage the two companies share in U.S. Navy strategic missile development (Lockheed Martin and ATK provide the U.S. Navy with the submarine-launched Trident D5 nuclear ballistic missile). SLIRBM is designed to precisely deliver a conventional payload on target at ranges in excess of 1100 miles within 10-15 minutes of launch. ATK and Lockheed Martin will develop SLIRBM using numerous off-the-shelf components to speed the development of a low-cost solution while minimizing program risk. The SLIRBM design will share common hardware across all stages of the propulsion system to shorten development time while keeping the missile’s cost and complexity to a minimum. Under the 16-month contract, ATK and Lockheed Martin will develop the missile and validate its concept with first and second stage static firings conducted at ATK Thiokol’s solid rocket motor facilities in Promontory, Utah. ATK Thiokol is the world’s leading provider of solid rocket motors and associated technologies. ATK will lead the Ground Demonstration Integrated Product Team (IPT) while Lockheed Martin will serve as overall systems integrator and lead a Missile System Trade Study IPT. After completing ground demonstrations, ATK and Lockheed Martin will work to transition the program to the flight demonstration phase in the 2008 timeframe.

Source: ATK
Date: Jul 14, 2005

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