ATK Initiates First Quarterly Cash Dividend

MINNEAPOLIS, Nov. 4, 2010 /PRNewswire-FirstCall/ -- ATK (NYSE: ATK) announced today that its Board of Directors has declared the company's first quarterly cash dividend.  The $0.20 per share dividend will be payable on March 4, 2011, to shareholders of record on February 8, 2011.  

"Delivering long-term value to our shareholders is a top priority of the company," said President and CEO Mark DeYoung.  "The demonstrated strength of ATK's cash flow provides us the confidence and opportunity to initiate a quarterly cash dividend while maintaining the financial flexibility and capability to pursue profitable growth."

Future dividend declarations, as well as the record and payment dates for such dividends, are subject to the final determination of the company's Board of Directors.

ATK is a premier aerospace and defense company with operations in 24 states, Puerto Rico, and internationally, and revenues of approximately $4.8 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: assumptions related to future Board of Director declarations of quarterly dividends.  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.

SOURCE ATK