Juneau, Alaska (KINY) The President & CEO of Alaska Aerospace Corporation presented "Alaska Where the Last Frontier Meets the Final Frontier before the Greater Juneau Chamber of Commerce Thursday.
Craig Campbell, a former National Guard General, Anchorage Assemblyman and Alaska Lt. Governor spoke about the Alaska Aerospace Corporation. It was created in 1991 as a public corporation of the State. It operates under a nine person board of directors, many of them appointed by the Governor., "We have not received any state operations funds since 2014. We are developing as a business, creating revenue and jobs and I see a good future."
The launch site and complex is located on Kodiak Island because of its access to the southern sky and to high inclination orbits that do not overfly land and is low risk to public safety. AAC employs 40 people and has facilities in Anchorage, Kodiak, and Huntsville, Alabama.
Mr. Campbell said the Kodiak facility is the only non federal launch site in the United States. A 2014 rocket accident caused $35 million in damages and cost $100 million to replace the facility. "It was pretty catastrophic and damaged a lot of facilities. It allowed us to be very active in marketing and to go beyond just government to the commercial markets. It was actually a blessing in disguise."
The corporation also recently signed an $80.4 million dollar missile defense contract and had two successful rocket launches this year. The corporation is also getting revenue from new deals with firms sending new technology satellites into space.
"We have a bright future. I think within five years we can start to make money and return money to the legislature." It is exciting to share with the community what were doing. It is really exciting and diversified for our economy."