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Board: Board of Directors of the Alaska Aerospace Corporation

Board identification number: 165


Authority: AS 26.27.010; AS 39.50.200

Status: Active

Sunset date:

Requirements: Financial Disclosure

Prohibitions: None

Term: 4 years

Chair: Board Elects.

Description: The board consists of 11 members, 9 appointed by the Governor and two by the Legislature. Of members appointed by the Governor, three are state residents who have a significant high level of experience in the private business sector, specializing in financing or economic development or marketing. Two of the state residents appointed by the Governor shall be residents of the borough where the launch activities of corporation occur if qualified candidates residing in the borough are available. Additionally, members will include the President of the University of Alaska or a designee; the Director of the Geophysical Institute of the University of Alaska or designee; and the Commissioner of DMVA or a designee. Two members of the board will have held or currently hold positions in the aerospace or commercial space industry or special experience regarding federal regulatory procedures and policies involving space or operational experience (these 2 members may be nonresidents of the state). One of the members will be a public school educator or a public member. The two members of the Legislature currently serve as ex officio nonvoting members appointed by the Senate President and House Speaker. Members are appointed to staggered 4 year terms.

Function: The Alaska Aerospace Corporation allows Alaska to play a lead role in the exploration and development of space, in enhancing human and economic development, and in providing direction for space-related education, research, and economic development.

Special facts: The board chair and vice-chair shall be selected from among members who are state residents. The corporation may not be terminated as long as it has bonds, notes, or other obligations outstanding. Certified copies of minutes will be transmitted to Governor and Legislative Budget and Audit Committee. The board hires the Chief Executive Officer of the corporation; they are exempt under AS 39.25.

Compensation: Standard Travel and Per Diem Industry/business/public members receive additional $100/dy.

Meetings: Regular board meetings held 5 times a year (Jan, March, May, Sep, Nov) generally from 8:30-2pm. Committee work held about 1-2 weeks prior to board meetings general from 8:30-1pm. Additional meetings as needed throughout the year. Minimum 10 days a year

For further information and to reach individual members, contact:
Milton Keeter

AAC, 4300 B Street, Suite 101
Anchorage, AK 99503
Phone: (907) 561-3338
Fax: (907) 561-3339

Board Roster