Non-qualified Stock Option Agreement

Exhibit 10.3


NON-QUALIFIED STOCK OPTION [ALLIANT TECHSYSTEMS LOGO]
AGREEMENT


NUMBER OF SHARES OPTION PRICE SOCIAL SECURITY GRANTED TO GRANT DATE OF COMMON STOCK PER SHARE NUMBER ---------- ---------- --------------- --------- ------


EXPIRATION
DATE
----


1. The Option. Alliant Techsystems Inc., a Delaware corporation (the "Company") hereby grants to the individual named above (the "Employee"), as of the above Grant Date, an option, without limited stock appreciation rights (LSARs) (the "Option"), to purchase the above Number of Shares of Common Stock of the Company, for the above Option Price Per Share, on the terms and conditions set forth in this Non-Qualified Stock Option Agreement (this "Agreement"), in the amended and restated Alliant Techsystems Inc. 1990 Equity Incentive Plan (the "Plan"), and in the Addendum on the reverse side hereof.


2. Exercise of Option. The exercise of the Option is subject to the following conditions and restrictions:


(a) The Option may be exercised only by the Employee (or by appropriate
representatives in the event of the Employee's death), in whole or in part
from time to time as provided in Paragraph 2(b) below, during the period
commencing on the dates set forth in Paragraph 2(b) below and ending on the
earlier of (i) the above Expiration Date, or (ii) the expiration of the
applicable period following the date of the Employee's termination of
employment with the Company or one of its subsidiaries, as provided in
Paragraph 4 below. In no event, however, may the Option be exercised to any
extent after the Expiration Date.


(b) The Option shall become exercisable to the extent of one third of the
above Number of Shares of Common Stock on each of the first, second, and
third anniversaries of the Grant Date. Once the Option has become
exercisable, it may be exercised to the extent set forth in the preceding
sentence at any time thereafter, subject to the provisions of Paragraph
2(a) above.


3. Manner of Exercise. The Option shall be exercised by the delivery of written notice of exercise (the "Notice") to the Director, Compensati ...