Economy
A land exchange between Aleut Corp., the U.S. Navy, and the Department of the Interior has transferred most of the naval facilities to the Aleut Corp. A portion of the Island will remain within the National Maritime National Wildlife Refuge, managed by U.S. Fish & Wildlife. Adak currently provides a fueling port and crew transfer facility for foreign fishing fleets—an airport, docks, housing facilities and food services are available. A grocery and ship supply store and restaurant opened in February 1999. Aleut Corporation maintains the facilities. Contractors are performing an environmental clean-up. Alaskan-owned Norquest-Adak Seafood Co. processes Pacific cod, pollock, mackerel, halibut, albacore and brown king crab. Four residents hold a commercial fishing permit, primarily for groundfish.
The January 2006 National Geographic magazine presented pictures of the Sea-based X-band Radar in tow around Cape Horn to Adak for the purpose of anti-ballistic missile space surveillance. This operation required about one hundred technicians. Google Earth pictures the long-time Naval Air Base infrastructure to be located at 51°52′37.07″N 176°38′55.00″W / 51.8769639°N 176.64861°W / 51.8769639; -176.64861.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)