The Aleut Corporation

The Aleut Corporation, often shortened to Aleut, is one of twelve Alaska Native Regional Corporations established under the Alaska Native Claims Settlement Act of 1971 (ANCSA). It was incorporated in Alaska on June 21, 1972, and is headquartered in Anchorage. The corporation is a for-profit entity owned by more than 5,000 Alaska Native shareholders, primarily of Aleut descent with roots in the Alaska Peninsula, Aleutian Islands, Pribilof Islands, and Shumagin Islands. Under ANCSA, The Aleut Corporation received a cash settlement of $19.5 million and land entitlements of 66,000 acres of surface lands and 1.572 million acres of subsurface estate. At incorporation, 3,249 Alaska Native shareholders were enrolled, each receiving 100 shares of Aleut stock. As an ANCSA corporation, Aleut has no publicly traded stock, and its shares cannot legally be sold. The corporation's primary business areas include government contracting, telecommunications, environmental remediation, real estate management, sales of sand, gravel, mineral, and rock aggregates, and investments in oil and gas producing properties and marketable securities. Under federal law, The Aleut Corporation and its majority-owned subsidiaries, joint ventures, and partnerships are deemed "minority and economically disadvantaged business enterprises," a status that provides certain advantages in government contracting. Aleut operates as a private, for-profit corporation with a dual mission: to manage its land and financial assets for the economic benefit of its shareholders and to preserve and promote Aleut cultural heritage. Its land selections are concentrated on the Alaska Peninsula and in the Aleutian Islands, Shumagin Islands, and Pribilof Islands. The corporation remains active and continues to pursue diverse business opportunities while serving its shareholder base.

The Aleut Corporation was established as part of the landmark Alaska Native Claims Settlement Act (ANCSA) of 1971, which resolved long-standing aboriginal land claims across Alaska by creating twelve regional corporations and distributing cash and land to Alaska Native shareholders. The Aleut Corporation was incorporated in Alaska on June 21, 1972, becoming the regional corporation for Aleuts with ties to the Alaska Peninsula, Aleutian Islands, Pribilof Islands, and Shumagin Islands. Under ANCSA, the corporation received a settlement of $19.5 million and entitlements to 66,000 acres of surface lands and 1.572 million acres of subsurface estate. At incorporation, 3,249 Alaska Native shareholders were enrolled, each receiving 100 shares of Aleut stock. These shares are not publicly traded and cannot legally be sold, ensuring that ownership remains with the Aleut people. Over the decades, The Aleut Corporation diversified its business operations to generate revenue for its shareholders. It developed expertise in government contracting, telecommunications, environmental remediation, real estate management, and the sale of sand, gravel, mineral, and rock aggregates. It also invested in oil and gas producing properties and marketable securities. Under federal law, the corporation and its majority-owned subsidiaries, joint ventures, and partnerships are recognized as "minority and economically disadvantaged business enterprises," providing advantages in securing government contracts. The corporation has grown to serve more than 5,000 shareholders and remains headquartered in Anchorage. It continues to manage its land and financial assets while supporting Aleut cultural heritage and shareholder benefits.

• 1972

  The Aleut Corporation incorporated in Alaska on June 21.

• 1972

  3,249 Alaska Native shareholders enrolled, each receiving 100 shares.

• 1971

  Alaska Native Claims Settlement Act (ANCSA) enacted, creating twelve Alaska Native Regional Corporations.

A shareholder-owned Alaska Native Regional Corporation leveraging ANCSA land entitlements and minority business enterprise status to operate diversified businesses for the benefit of Aleut shareholders.

• Government contracting services

• Telecommunications services

• Environmental remediation services

• Real estate management

• Sand, gravel, mineral, and rock aggregates

• Oil and gas property investments

1. 1The Aleut Corporation - Wikipediaen.wikipedia.org
2. 2The Aleut Corporation official websitealeutcorp.com
3. 3The Aleut Corporation Acquires Strata-G Solutions, Inc. as Newest Subsidiaryprweb.com