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ALLIANT TECHSYSTEMS COMPLETES ACQUISITION OF ASTRA UPC CORPORATION AND ACCUDYNE AND KILGORE SUBSIDIARIES

 MINNEAPOLIS, Oct. 4 /PRNewswire/ -- Alliant Techsystems (NYSE: ATK) today said it has completed the acquisition of Astra UPC Corporation and its operating subsidiaries, Accudyne Corporation and Kilgore Corporation, for a total cash consideration of $26 million.
 The company said the transaction is being funded with internally generated cash.
 Accudyne Corporation and Kilgore Corporation are involved in the manufacture of ordnance material, metal parts and electronics.
 Toby G. Warson, president and chief executive officer, said the acquisition of Accudyne and Kilgore is consistent with the company's long-term strategy to grow its business base through mergers and acquisitions as the defense industry consolidates.
 Warson noted that the two companies are an excellent strategic fit with Alliant Techsystems' existing businesses.
 "Their addition will improve our manufacturing cost competitiveness, strengthen our core capabilities in areas such as fuzing mechanisms, and expand our base through the addition of new products. By combining our technical strengths and marketing resources with their manufacturing capabilities, we will be in a stronger position to execute our strategy to be a full-service supplier both in the U.S. and internationally."
 Warson said that the transaction will benefit the U.S. government by preserving and strengthening key defense-related capabilities and technical skills, and by potentially providing cost savings to customers.
 Accudyne is engaged in the manufacture of sensitive electronic, electro-mechanical and mechanical assemblies, subassemblies, and components for the defense industry, and is a leading producer of mortar, rocket, artillery, and mine fuzes. Other products include impact switches, arming devices, and timing elements. Accudyne employs 450 people at assembly plants in Janesville, Wis., and had sales of $47 million for the year ended March 31, 1993.
 Kilgore is the world's foremost manufacturer of infrared decoy devices, which protect aircraft from heat-seeking missiles. The company also produces 20mm ammunition, booster pellets, detonators, and pyrotechnics. It employs 340 people at a manufacturing complex in Toone, Tenn., which includes the only semi-automatic flare production facility in the U.S. Sales for the year ended March 31, 1993, were $46 million.
 Accudyne and Kilgore will continue to be operated as independent business entities. Operations will continue to be supervised by location management.
 Alliant Techsystems supplies defense and marine systems to the U.S. government and its allies. Sales in the fiscal year ended March 31, 1993, were $1.0 billion. The company is headquartered in Edina, Minn., and employs 4,100 people throughout the United States.
 -0- 10/4/93
 /CONTACT: Media, Rod Bitz, 612-939-2646; Coleen Southwell, 612-939-2709; or Investor, Richard N. Jowett, 612-939-2777, all of Alliant Techsystems/
 (ATK)


CO: Alliant Techsystems; Astra UPC Corporation ST: Minnesota IN: SU: TNM

DB-CP -- MN012 -- 8440 10/04/93 14:35 EDT
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Publication:PR Newswire
Date:Oct 4, 1993
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