2005 STOCK INCENTIVE PLAN

Exhibit 10.1

Amendment 1 to

ALLIANT TECHSYSTEMS INC.

2005 STOCK INCENTIVE PLAN

The Alliant Techsystems Inc. 2005 Stock Incentive Plan is hereby amended as follows:

Section 4(c) of the Plan is amended to read in its entirety as follows:

(c) Adjustments .  In the event that an equity restructuring, as defined as a nonreciprocal transaction between the Company and its stockholders that causes the per-share fair value of the Shares underlying an Option or similar Award to change ( e.g. , stock dividend, stock split, spinoff, etc. ), has occurred, the Committee shall make an equitable adjustment to (i) the number and type of Shares (or other securities) that thereafter may be made the subject of Awards, (ii) the number and type of Shares (or other secur