UPDATE 2-Alliant Techsystems Q2 earnings higher, CEO leaving

* Q2 EPS up 24 pct to $2.19

* CEO leaving company

* Sales rise 11 pct to $1.2 bln

* Full-year EPS, sales outlooks raised

NEW YORK, Nov 11 (Reuters) - Bullet maker Alliant Techsystems (ATK.N) said on Wednesday that its net income rose in the second quarter, and that its Chairman and Chief Executive Daniel Murphy is leaving the company for personal reasons.

The company said it elected John Shroyer as interim CEO and Ronald Fogleman as chairman, effective immediately.

Alliant also reported that second quarter earnings per share rose 24 percent, and that it raised its forecast for EPS, sales and cash flow for the year.

"I am leaving the company to address family matters that require my personal attention," Murphy said. The company said Murphy will retire in March 2010.

Shroyer, who will continue as chief financial officer, is a 23 year veteran with the company.