XCOR Announces ATK as Lynx Mark I Wing Detailed Design / Build Contractor

  XCOR Announces ATK as Lynx Mark I Wing Detailed Design / Build Contractor

PR Newswire

MOJAVE, Calif. and ARLINGTON, Va., Nov. 14, 2012

MOJAVE, Calif. and ARLINGTON, Va., Nov. 14, 2012 /PRNewswire/ --XCOR
Aerospace announced today that it has issued the initial phase of a two-phase
contract to ATK's Aerospace Structures Division (NYSE: ATK) for the detailed
design and manufacture of the Lynx Mark I suborbital reusable launch vehicle
(RLV) wings and control surfaces. This announcement represents a critical
milestone in the march toward assembly, test and entry into commercial service
of the Lynx.

(Photo: http://photos.prnewswire.com/prnh/20121114/CG13140-a)

(Photo: http://photos.prnewswire.com/prnh/20121114/CG13140-b)

"This partnership with XCOR will provide unique insights and innovations,"
said Andrew Jackson, vice president of ATK's Aerospace Structures Division
Launch Segment. "ATK is honored to continue our heritage in creating composite
manufacturing solutions for spaceflight and excited to engage in this
commercial environment with XCOR."

"As an established industry leader it is only natural that XCOR sought to work
with ATK as a key collaborator in the development of Lynx wings," said XCOR
Chief Executive Officer Jeff Greason. "Our engagements with ATK impressed me
from the start, not only due to their position as a leader in the industry,
but through their immediate grasp of the unique challenges we face in the
construction of Lynx wings. The story of Lynx is the story of sound design and
reliable engineering. We could not be more thrilled to work with ATK."

XCOR Chief Operating Officer Andrew Nelson added that "until recently NewSpace
companies and established aerospace primes like ATK often had minimal
interaction with companies like XCOR as the subcontractor. With this effort we
are establishing a model of how smaller NewSpace companies may utilize
established government primes as our suppliers; ATK has demonstrated they are
nimble, cost effective and can leverage deep experience from prior larger
projects."

The initial wing and control surface design has been developed by XCOR to
rigorous design standards to enable the craft to perform tens of thousands of
flights to and from suborbital altitudes exceeding 100 kilometers. ATK will
create a detailed design ready for manufacture, working with structural and
flutter analysis experts from Quartus Engineering in San Diego, Ca. The wings
will be installed on the Lynx Mark I, which is the prototype of the Lynx
family of suborbital RLVs from XCOR; the production models are called Lynx
Mark II.

About XCOR Aerospace: XCOR Aerospace is based in Mojave, California. It is
currently starting the process to create a new Research and Development Center
in Midland, Texas. XCOR builds safe, reliable and reusable rocket-powered
vehicles, propulsion systems, advanced non-flammable composites and rocket
piston pumps. XCOR works with aerospace prime contractors and government
customers on major propulsion systems, while also building Lynx. Lynx is a
piloted, two-seat, fully reusable liquid rocket-powered vehicle that takes-off
and lands horizontally. The Lynx-family of vehicles serves three primary
missions depending on their specific type including: research & scientific
missions, private spaceflight, and micro satellite launch (only on the Lynx
Mark III). Lynx production models (designated Lynx Mark II) are designed to be
robust, multi-mission (research / scientific or private spaceflight)
commercial vehicles capable of flying to 100+ km in altitude up to four times
per day. Lynx vehicles are available to customers in the free world on a wet
lease basis. (www.xcor.com).

About ATK: ATK is an aerospace, defense, and commercial products company with
operations in 21 states, Puerto Rico, and internationally. News and
information can be found on the Internet at www.atk.com.

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 launch vehicles to be built; the
success and timely progression of XCOR's Lynx program. 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.

Contacts:
Bryan Campen                Lisa Roskelley
Director of Media Relations Media Contact
XCOR Aerospace, Inc.        ATK Aerospace Structures Division
Phone +1 (630) 877-0225     +1 (801) 300-1786
Email: press@xcor.com       lisa.roskelley@atk.com



SOURCE ATK

Website: http://www.atk.com