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ATK Awarded Composite Components Contract for the Boeing 787 Dreamliner

ARLINGTON, Va., Jan. 20, 2014 /PRNewswire/ -- ATK (NYSE: ATK) was selected by The Boeing Company (NYSE: BA) for a contract, beginning immediately, to produce substructural composite components for the Boeing 787 Dreamliner.

"This is a great win for ATK that builds on our commitment and proven success of providing affordable innovation and customer satisfaction," said Blake Larson, president of ATK Aerospace Group. "This work scope adds to our long-term relationship of supporting Boeing with composite structures spanning many dynamic products across the commercial aircraft, military aircraft, launch vehicle and satellite industries."

ATK composite structures can be found on the Boeing 767 and 757 airplanes, C-17 Globemaster, F-18 fighter, V-22 Osprey, Boeing 702 and GPS II-F satellites, and Delta II and Delta IV launch vehicles.

"We are honored to have gained Boeing's confidence to build composite substructures for the 787-9 and 787-10 airplanes," said Joy de Lisser, vice president and general manager of ATK's Aerospace Structures division. "Our manufacturing reputation is built on execution excellence, and we look forward to delivering world-class structures to Boeing to meet its increased 787 production rates."

ATK will provide composite substructures for the 787 center fuselage to Boeing at its South Carolina assembly facility and to Alenia for the aft fuselage.

ATK is an aerospace, defense, and commercial products company with operations in 22 states, Puerto Rico, and internationally. News and information can be found on the Internet at www.atk.com, on Facebook at www.facebook.com/atk, or on Twitter @ATK.

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: future levels of business in the aerospace and commercial transport industries or in the number of aircraft to be built; the success and timely progression of Boeing's 787 Dreamliner program; the success and timely execution of key certification and delivery milestones; the company's competitive environment; 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.

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