Welcome to AlaskaJournal.com - Alaska's longest running weekly business publication, covering issues that matter in the 49th state
width
Web posted Monday, February 11, 2002

Kodiak rockets launch millions into economy

By The Associated Press

KODIAK -- 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.

share on facebook
Alaska Journal on Facebook
width

AlaskaJournal.com | AlaskaStar.com | AlaskanEquipmentTrader.com

Add to My Yahoo! | Contact Us | Jobs | Subscribe | Privacy and Legal Information

Copyright © 2007-2008 Alaska Journal of Commerce & Morris Communications Inc

Explore the Kenai | Visit Homer Alaska | Fishing Report