Market Overview

Orbital ATK and IMI Systems Partner to Jointly Introduce New Weapons Technology for the U.S.

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Orbital ATK (NYSE:OA), a global leader in aerospace and defense
technologies, and IMI Systems Ltd. have announced a teaming agreement in
which Orbital ATK will produce and supply a U.S. version of IMI's 500-lb
Multi-Purpose Rigid Bomb (MPR500) and the MPR family of bombs for the
United States.

With today's warfighting landscape shifting to an increasingly
asymmetric environment, there is a growing demand for high versatility,
high reliability and low collateral damage precision weapons with a
penetration capability. According to IMI, the MPR500 is similar in form
and fit to the MK-82 and offers proven penetration capability and
controlled fragmentation for a concentrated blast.

"Our first initiative in this agreement will be exploring how MPR500, a
combat proven technology, can be transitioned into an economical and
rapidly fielded solution for our U.S. warfighters," said Pat Nolan, Vice
President and General Manager of Missile Products within Orbital ATK's
Defense Systems Group. "We are hopeful that this relationship will lead
to future product enhancements and additional opportunities for Orbital
ATK and IMI Systems to collaborate."

Orbital ATK's Defense Systems Group is an industry leader in providing
innovative and affordable precision and strike weapons, advanced
propulsion and hypersonics, missile components across air-, sea- and
land-based systems, ammunition and related energetic products.

About Orbital ATK

Orbital ATK is a global leader in aerospace and defense technologies.
The company designs, builds and delivers space, defense and aviation
systems for customers around the world, both as a prime contractor and
merchant supplier. Its main products include launch vehicles and related
propulsion systems; missile products, subsystems and defense
electronics; precision weapons, armament systems and ammunition;
satellites and associated space components and services; and advanced
aerospace structures. Headquartered in Dulles, Virginia, Orbital ATK
employs approximately 14,000 people across the U.S. and in several
international locations. For more information, visit www.orbitalatk.com.

About IMI Systems

Established in 1933 as Israel Military Industries Ltd, and a wholly
owned by the State of Israel, IMI Systems Ltd is a globally recognized
defense systems house, specializing in the development and manufacturing
of comprehensive combat-proven solutions and technologies for the air
,land, naval and cyber and homeland security (HLS) requirements of the
modern battlefield. Positioned among the world's leader defense solution
providers, the nationwide company employs 3200 employees in its various
business areas which include Air, Armor, Infantry, Artillery, Naval, HLS
and Small Caliber Ammunition, as well as in its variety of
manufacturing, test and laboratory facilities, and has four
subsidiaries: IMI Academy for Advanced HLS Training and Ashot Ashkelon
Ltd located in Israel and IMI Services and IMI Trading located in the
USA. For more information, visit www.imisystems.com.

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