Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)

Annual Incentive Compensation

On March 9, 2009, the Personnel and Compensation Committee (the "Committee") of the Board of Directors of Alliant Techsystems Inc. ("ATK") approved the performance goals for the annual incentive program for the fiscal year ending March 31, 2010 under ATK's Executive Officer Incentive Plan.

For corporate executive officers, the Committee kept two of the three performance measures that it established for the previous fiscal year - fully diluted earnings per share (EPS) and sales - but replaced "free cash flow" (defined to be cash provided from operations less capital expenditures plus asset sales) with return on invested capital (ROIC). The Committee maintained the weighting of EPS at 50% and sales at 25%, and assigned a weighting to ROIC of 25%.

For executive officers who are presidents of ATK's business groups, the Committee set the same performance goals as for the previous fiscal year: 30% based on ATK's EPS and 70% based on the business group's performance. Again, the three specific financial metrics established for assessing business-group performance are earnings before interest and taxes (EBIT), sales and free cash flow, all weighted substantially equally.

Long-Term Incentive Compensation

On March 9, 2009, the Committee also approved the long-term incentive award performance goals for the fiscal year 2010-2012 performance period. The Committee added a new performance measure of total stockholder return (TSR) relative to ATK's aerospace and defense industry peer group, with a weighting of 30%. The Committee also retained the previous year's performance measures of EPS, sales and ROIC with a collective weighting of 70% of the total long-term incentive payout, reduced from 100% of the total payout as a result of adding the new relative TSR metric.

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