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Exhibit 10.16.2  

 
 

AMENDMENT NO. 1
  TO
  AMENDMENT AND RESTATEMENT OF
  ALLIANT TECHSYSTEMS INC.
  INCOME SECURITY PLAN    
  

        The Amendment and Restatement of Alliant Techsystems Inc. Income Security Plan (the "Plan") is hereby amended as follows, effective as of August 7,
2001: 

	1.
	Section 4
of the Plan is amended and restated in its entirety to read as follows:

	"4.
	Obligations of Company Upon Qualifying Termination.

        In
the event of a Qualifying Termination, then 

        (a)  The
Company shall pay to a Participant in a lump sum in cash within thirty (30) days after the Participant's Date of Termination the aggregate of the following
amounts: 

        (1)  the
sum of (A) the Participant's Annual Base Salary through the Date of Termination to the extent not theretofore paid, (B) the greater of (x) the
Participant's Annual Incentive Award for the full fiscal year in which the Date of Termination occurs and (y) the Participant's annual cash incentive award for the full fiscal year in which the
Date of Termination occurs, determined based on actual individual and corporate performance through the Date of Termination, (C) any compensation previously deferred by the Participant
(together with any accrued interest or earnings thereon) and any accrued vacation pay, in each case to the extent not theretofore paid and (D) an amount in lieu of and equal to the actuarial
equivalent of the Participant's actual benefit, if any, under any excess or supplemental retirement plan in which the Participant participates (the "SERP") as of the Date of Termination, not including
any amounts determined under subsection 4(a)(3) or (4) below; 

        (2)  the
amount equal to the product of (A) one (1) or three (3), as determined by the Committee, and (B) the sum of (x) the Participant's Annual
Base Salary, (y) the Annual Incentive Award and (z) the greater of (I) the Participant's target award of Performance Shares and target Performance Cash Award for the Company's
fiscal year in which the Change of Control occurs (or if no such awards were determined prior to the Change of Control Date, the Participant's target award of Performance Shares and target Performance
Cash Award for the Company's immediately preceding fiscal year); and (II) the average of the Participant's actual dollar value of Performance Share and Performance Cash Award payouts for the
last three (3) full fiscal years prior to the Change of Control (or for such shorter period that the Participant was employed by the Company prior to the Change of Control); and 

        (3)  an
amount equal to the excess of (A) the actuarial equivalent of the benefit under the Company's qualified defined benefit retirement plan (the "Pension Plan")
(utilizing actuarial assumptions no less favorable to the Participant than those in effect under the Pension Plan immediately prior to the Change of Control Date), and the SERP which the Participant
would receive if the Participant's employment continued for a period of one (1) or three (3) years after the Date of Termination (with respect to both the Participant's age and years of
service), as determined by the Committee, assuming for this purpose that all accrued benefits are fully vested, and, assuming that the Participant's compensation in such year or in each of the three
(3) years, as applicable, is as in effect immediately prior to the Change of Control, over (B) the actuarial equivalent of the Participant's actual benefit (paid or payable), if any,
under the Pension Plan and the SERP as of the Date of Termination; and 

        (4)  an
amount equal to the additional Company matching contributions that would have been made on the Participant's behalf in the Company's defined contribution retirement
plan 

 

or any successor plan (the "Thrift Plan") (assuming continued participation on the same basis as immediately prior to the Change of Control Date), plus the additional amount of any benefit the
Participant would have accrued under the SERP as a result of contribution limitations in the Thrift Plan, which the Participant would receive if the Participant's employment continued for a period of
one (1) or three (3) years after the Date of Termination, as determined by the Committee, assuming for this purpose that the Participant's compensation in such year or in each of the
three (3) years, as applicable, is as in effect immediately prior to a Change of Control and that the Company's matching contributions are determined pursuant to the applicable provisions of
the Thrift Plan and the SERP, as in effect during the twelve (12)-month period immediately prior to the Change of Control Date. 

        (b)  For
a period of one (1) or three (3) years after a Participant's Date of Termination, as determined by the Committee, or such long period as may be
provided by the terms of the appropriate plan, program, practice or policy, the Company shall continue benefits to the Participant and/or Participant's family at least equal to those which would have
been provided to them in accordance with the plans, programs,
practices and policies providing Welfare Benefits if the Participant's employment had not been terminated or, if more favorable to the Participant, as in effect generally at any time thereafter with
respect to other employees of the Company of a status comparable to the Participant and their families; provided, however, that if the Participant meets the requirements for current coverage under
another employer-provided plan providing such benefits, the medical and other welfare benefits described herein shall be secondary to those provided under such other plan during such applicable period
of eligibility. For purposes of determining eligibility (but not the time of commencement of benefits) of the Participant for retiree benefits pursuant to such plans, practices, programs and policies,
the Participant shall be considered to have remained employed until a period of one (1) or three (3) years after the Date of Termination, as applicable, and to have retired on the last
day of such period. 

        (c)  For
a period of one (1) or three (3) years after a Participant's Date of Termination, as determined by the Committee, or such longer period as may be
provided by the terms of the appropriate plan, program, practice or policy, the Company shall continue to provide to the Participant and/or the Participant's family fringe benefits (including
perquisites) at least equal to those which would have been provided to them in accordance with the fringe benefit plans, programs, practices and policies if the Participant's employment had not been
terminated or, if more favorable to the Participant, as in effect generally at any time thereafter with respect to other employees of the Company of a status comparable to the Participant and their
families. 

        (d)  Any
Executive Life Insurance programs in force on the life of a Participant as of the Change of Control Date shall be continued in force for a period of one
(1) or three (3) years after the Participant's Date of Termination, as determined by the Committee; thereafter the policy, including the cash value thereof, shall be transferred to the
Participant with a lump sum cash payment sufficient to pay actual taxes due on account of such transfer. 

        (e)  The
Company shall, at its own expense as incurred, provide a Participant with outplacement services, the scope and provider of which shall be selected by the Participant
in the Participant's sole discretion, provided that the aggregate cost of such services shall not exceed $50,000." 

	2.
	All
other terms of the Plan shall remain in full force and effect. 

2

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Exhibit 10.16.3  

 
 

AMENDMENT NO. 2
  TO
  AMENDMENT AND RESTATEMENT OF
  ALLIANT TECHSYSTEMS INC.
  INCOME SECURITY PLAN    
  

        The Amendment and Restatement of Alliant Techsystems Inc. Income Security Plan (the "Plan") is hereby amended as follows, effective as of March 19,
2002: 

	1.
	Exhibit A
of the Plan is amended and restated in its entirety to read as follows: 

"Exhibit A 

LIST
OF INCOME SECURITY PLAN PARTICIPANTS

AS OF MARCH 19, 2002 

TIER ONE  

All ATK elected officers 

TIER TWO  

All ATK appointed corporate Vice Presidents,

subsidiary Presidents and subsidiary Group Vice Presidents" 

	2.
	All
other terms of the Plan shall remain in full force and effect. 

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Exhibit 10.17.2  

 
 

FIRST AMENDMENT
  TO THE TRUST UNDER
  ALLIANT TECHSYSTEMS INC.
  INCOME SECURITY PLAN    
  

        THIS FIRST AMENDMENT TO THE TRUST UNDER ALLIANT TECHSYSTEMS INC. INCOME SECURITY PLAN is made this 4th day
of December 2001, by and between ALLIANT TECHSYSTEMS INC. ("Company") and U.S. BANK NATIONAL ASSOCIATION ("Trustee"). 

WITNESSETH THAT:  

        WHEREAS, Company and Trustee have entered into that certain Trust under Alliant Techsystems Inc. Income
Security Plan (the "Trust") dated as of the 4th day of May 1998; and 

        WHEREAS, the parties hereto desire to amend the Trust in accordance with the provisions herein. 

        NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the sufficiency of which is hereby
acknowledged, the parties hereto agree as follows: 

        1.    Section 11(d)
of the Trust is hereby replaced in its entirety to read as follows: 

"(d)
For purposes of this Trust, a "Change of Control" shall mean 

        (1)
the acquisition by any "person" or group of persons (a "Person"), as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended and the
regulations thereunder (the "Exchange Act") (other than the Company or a Subsidiary or any Company employee benefit plan (including its trustee)) of "beneficial ownership" (as defined in
Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing, directly or indirectly, more than forty percent (40%) of the total number of
shares of the Company's then outstanding Voting Securities; 

        (2)
consummation of a reorganization, merger or consolidation of the Company, or the sale or other disposition of all or substantially all of the Company's assets (a "Business
Combination"), in each case, unless, following such Business Combination, the individuals and entities who were the beneficial owners of the total number of shares of the Company's outstanding Voting
Securities immediately prior to both (x) such Business Combination, and (y) any Change Event occurring within twelve (12) months prior to such Business Combination, beneficially
own, directly or indirectly, more than sixty percent (60%) of the total number of shares of the outstanding Voting Securities of the resulting corporation, or the acquiring corporation, as the case
may be, immediately following such Business Combination (including, without limitation, the outstanding Voting Securities of any corporation which as a result of such transaction owns the Company or
all or substantially all of the Company's assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business
Combination, of the total number of shares of the Company's outstanding Voting Securities; 

        (3)
the individuals who, as of the date this amendment and restatement of the Plan is adopted by the Board, are members of the Board (the "Incumbent Board"), cease for any reason to
constitute at least a majority of the Board; provided, however, that if the nomination for election of any new director was approved by a vote of a majority of the Incumbent Board, such new director
shall, for the purposes of this definition, be considered a member of the Incumbent Board; 

1

 

        (4)
approval by the stockholders of the Company of a complete liquidation or dissolution of the Company; or 

        (5)
any other circumstances (whether or not following a "Change Event") which the Board determines to be a Change of Control for purposes of this Plan after giving due consideration to
the nature of the circumstances then presented and the purposes of this Plan. Any determination made under this subsection (e)(5) shall be irrevocable except by vote of a majority of the members of
the Board who voted in favor of making such determination. 

        For
purposes of this subsection (d), a "Change of Control" shall not result from any transaction precipitated by the Company's Insolvency, appointment of a conservator, or determination
by a regulatory agency that the Company is insolvent." 

        2.    Except
as amended herein, all other terms and conditions of the Trust shall remain in full force and effect. 

2

 

        IN
WITNESS WHEREOF, the parties have executed this Amendment as of this 4th day of December 2001. 

	COMPANY:	 	TRUSTEE:
	

ALLIANT TECHSYSTEMS INC.	
 	

U.S. BANK NATIONAL ASSOCIATION
	

By:	
 	

/s/  PAUL DAVID MILLER      
 Paul David Miller	
 	

By:	
 	

/s/  SCOTT C. CURTISS      
 Scott C. Curtiss
	Its:	 	Chairman and CEO	 	Its:	 	Vice President

3

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FIRST AMENDMENT TO THE TRUST UNDER ALLIANT TECHSYSTEMS INC. INCOME SECURITY PLAN

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