Kodiak rocket launches millions into Alaska economy

Posted: Sunday, February 03, 2002

KODIAK (AP) -- The Kodiak Star launch in September brought $4.4 million into the Kodiak's economy and increased the size of Kodiak's payroll by about $1.3 million, according to a university report.

In all, Alaska's economy was boosted by $6.8 million and jobs were generated in industries from food service and hotels to business and health services, according to the report.

The latest summarized findings of the economic impacts of the September launch were released by the University of Alaska Anchorage Institute of Social and Economic Research.

The Kodiak Star, which launched four satellites on Sept. 29, drew expenditures from the Alaska Aerospace Development Corp., Lockheed Martin, and NASA. The estimated expenditures were distributed across 36 industries.

Lockheed Martin's contract with AADC for use of launch complex, plus additional costs due to launch date changes, totaled $700,000.

Materials, subcontracts and other direct charges totaled $800,000. An additional contract for launch-specific facility changes cost $1.8 million.



CONTACT US

  • Switchboard: 907-283-7551
  • Circulation and Delivery: 907-283-3584
  • Newsroom Fax: 907-283-3299
  • Business Fax: 907-283-3299
  • Accounts Receivable: 907-335-1257
  • View the Staff Directory
  • or Send feedback

ADVERTISING

SUBSCRIBER SERVICES

SOCIAL NETWORKING

MORRIS ALASKA NEWS