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Alliant Defense Electronics Systems, Inc. Acquires Lundy Division Of Advanced Technology Materials, Inc.

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Acquisition Will Bring Up To 40 Engineering And Skilled Manufacturing Jobs To Clearwater, Fla. Plant Within Two Years

Minneapolis, Nov. 19, 1996 -- Alliant Defense Electronics Systems, Inc., a subsidiary of Alliant Techsystems (NYSE: ATK), said it has acquired the Lundy Division of Advanced Technology Materials, Inc. (NASDAQ: ATMI). Terms of the transaction were not disclosed.

Lundy, currently headquartered in Pompano Beach, Fla., is a manufacturer of next-generation chaff, dispenser systems for chaff, and avionics spare parts. It will be consolidated into Alliant Defense Electronic Systems’ operations in Clearwater, Fla.

Robert Witham, president and general manager, Alliant Defense Electronics Systems (ADES), said the addition of Lundy fits well with the ADES objective to become a high-technology center for electronic warfare.

"We already have a strong base in electronic warfare with our involvement on the AN/AAR-47 Missile Warning System program," said Witham. "The Lundy capabilities, together with our systems integration expertise and involvement on related programs, will enable us to significantly enhance our position in this important market."

Witham said the acquisition will add six new engineering and skilled manufacturing jobs at the Clearwater plant immediately. "Our growth objectives foresee a total of 40 new jobs within the next two years," he added. Currently, 130 people work at the company’s Clearwater facility.

Hugo Fruehauf, group vice president, Defense Systems, said the Lundy transaction is an excellent technology acquisition that will enhance Alliant’s current programs and provide new opportunities in the electronic warfare market.

"Lundy has excellent capabilities in the electronic warfare area," said Fruehauf. "By combining these capabilities with Alliant’s technical, manufacturing, and international and domestic business development resources, we can strengthen our competitive position in the growing area of electronic combat."

Alliant Defense Electronic Systems is part of Alliant’s Defense Systems Group, which reported fiscal year 1996 revenues of $437 million. The group employs approximately 2,500 people at facilities and offices in Alabama, Florida, Illinois, Minnesota, New Jersey, New Mexico, and Wisconsin. Major customers include the U.S. Department of Defense, allied military services, and prime contractors.

Alliant Techsystems is a $1.2 billion aerospace and defense company with approximately 7,600 employees and operations in 24 states. The company, headquartered in Hopkins, Minn., comprises four business groups: Aerospace Systems, Defense Systems, Marine Systems, and Emerging Business.

Advanced Technology Materials, Inc., with headquarters in Danbury, Conn., is a leading provider of advanced semiconductor materials and environmental equipment. It is also developing next-generation semiconductor devices based on its new materials technologies.