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KippsDeSanto & Co. Advises the Board of Directors of Technology Solutions Firm Alion Science and Technology on its Debt Refinancing

KippsDeSanto & Co. is pleased to send you the attached press release announcing the debt refinancing of our client, Alion Science and Technology Corporation (“Alion”). The transaction closed on March 22, 2010.

Headquartered in McLean, VA, Alion is a leading provider of scientific, engineering, and information technology solutions primarily to U.S. government agencies, particularly the U.S. Department of Defense, state and foreign governments, and other commercial customers. The employee-owned Company’s areas of expertise include national defense, homeland security, and energy and environmental analysis.

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of our senior professionals.

PRESS RELEASE

Alion Completes Refinancing with Close of $310 Million Unit Offering
McLean, VA – March 22, 2010 – Alion Science and Technology, an employee-owned technology solutions company, announced that it has completed a refinancing that includes the closing of a $310 Million unit offering consisting of bonds and warrants and a $25 Million revolving line of credit.

The new financial structure provides greater liquidity and certainty to Alion’s capital structure, according to CEO and Chairman Bahman Atefi. “We have enjoyed substantial growth and success, and continuing on that path required more flexibility. Our prior debt obligations came with onerous terms, so finding more favorable financing options has been key to our long-term strategy,” Dr. Atefi explained. “The fact that our bond offering was oversubscribed gives us great confidence in our plans, and we appreciate that the financial community recognized the value Alion represents.”

Advisors to Alion in this transaction include Credit Suisse as banker and financial advisor and Baker & McKenzie LLP and Holland & Knight LLP as legal advisors. The Alion Board of Directors engaged KippsDeSanto & Co. as their independent financial advisor.

This press release contains information about management’s view of Alion’s future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of risk factors and uncertainties discussed in documents periodically filed by Alion with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

Media Contact
Peter Jacobs
1750 Tysons Boulevard
Suite 1300
McLean, VA 22102
pjacobs@alionscience.com
P: 703.269.3473
F: 703.506.1813

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