Alaska Aerospace Development Corporation has
now become "Alaska Aerospace Corporation." AADC, as it was previously called, was established by the
state legislature in 1991 to stimulate a high technology aerospace industry in
the state. The corporation built and operates the Kodiak Launch Complex.
The corporation is state-owned and
as such, state legislation was required to change its name.
is the company's CEO. He explained why it was deemed necessary to drop one word
from the name.
-- (rocket 1 :40 "With many people ... economic
He said that
the name change will cost around 4,500 dollars, or possibly, less.
-- (rocket 2 :14 "Basically just
changing ... print it out.")
Nash said the new, stream-lined
name could help stream-line future contract negotiations.
-- (rocket 3 :44 "Well, part of
the ...of the company.")
S-B 125 is the bill that authorized
the change; which was the bill's sole purpose. Now that the new name is
official, Nash talked about what lies ahead for the corporation.
-- (rocket 4 :46 "Well, we
certainly ... to build up.")
The bill to change the name from
Alaska Aerospace Development Corporation to Alaska Aerospace Corporation was passed
in July and officially went into effect on October 20th.