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ASRC

Alaskan-owned firm with six business lines

Overview

ASRC is a diversified, Alaska-based company owned by nearly 14,000 Iñupiaq shareholders. It operates six lines of business—government services, petroleum refining and marketing, energy support services, industrial services, construction, and resource development—serving government and commercial markets. Headquartered in Utqiaġvik with offices in Anchorage and elsewhere, it employs about 12,000 people worldwide. Its goal is to create value for shareholders and communities by growing sustainable, neighborhood-based employment and reliable services across its six lines of business.

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About ASRC

Simplify's Rating
Why ASRC is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Utqiaġvik, United States

Founded

1972

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Simplify's take

What believers are saying

  • February 2026 Coinstar acquisition creates a new earnings engine and broadens ASRC’s addressable market.
  • April 2026 FAA SLES win reinforces ASRC Federal’s $437 million modernization backlog.
  • ASRC led Alaska Business Top 49ers for 29 consecutive years, signaling durable scale and execution.

What critics are saying

  • Coinstar integration can distract management and dilute returns if consumer payments underperform.
  • FAA concentration leaves ASRC Federal exposed if the SLES recompete shifts in 2031.
  • ASRC’s six-segment sprawl hides weak businesses; one bad acquisition can drag shareholder dividends.

What makes ASRC unique

  • ASRC’s Alaska Native ownership ties profits to 14,000 Iñupiaq shareholders and dividend returns.
  • Coinstar adds consumer financial services beyond ASRC’s government, industrial, energy, and construction businesses.
  • ASRC Federal’s FAA work since 2007 gives entrenched access to mission-critical federal infrastructure.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • Pet Insurance
  • 401(k) Retirement Plan
  • 401(k) Company Match
  • Tuition Reimbursement
  • Professional Development Budget

Company News

PR Newswire
Apr 7th, 2026
ASRC Federal selected for FAA Second Level Engineering Services contract.

ASRC Federal selected for FAA Second Level Engineering Services contract. Apr 07, 2026, 09:00 ET * ASRC Federal will provide engineering support to maintain navigation, communications and infrastructure for the National Airspace System. * Team will deliver field support, configuration management, systems integration, acquisition support and program management. * The program will help strengthen resilience and performance of FAA air traffic control systems. RESTON, Va., April 7, 2026 /PRNewswire/ - ASRC Federal Advanced Research (AFAR), a subsidiary of ASRC Federal, has secured a competitive award to continue providing critical engineering support and technical expertise to the Federal Aviation Administration (FAA). The Second Level Engineering Services (SLES) program will maintain navigation, power, communications, surveillance, automation, weather systems and infrastructure for the National Airspace System (NAS) under a potential five-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract. The ASRC Federal team will deliver 24/7/365 field support, configuration management, systems integration, acquisition support, and program management services ensuring reliability, safety, and operational continuity across the NAS. "We are honored to be selected once again to support the critical work of maintaining and enhancing the world's most sophisticated air travel system," said Jennifer Felix, president and CEO of ASRC Federal. "Our selection demonstrates the crucial experience, expertise and unwavering commitment brought by our talented employees to the FAA mission of safe and efficient aviation service for the flying public." The $437 million SLES program plays a critical role in supporting ongoing NAS modernization efforts. Through this work, ASRC Federal will help strengthen the resilience, scalability, and performance of air traffic control systems that serve millions of passengers and stakeholders each year. ASRC Federal has supported the FAA since 2007, bringing deep institutional knowledge and engineering and technical support to a broad range of FAA systems that consist of more than 74,000 individual pieces of equipment across the NAS. About ASRC Federal ASRC Federal delivers solutions and services to more than 30 U.S. government agencies in support of some of our Nation's most critical missions - from space exploration to cyber defense to military base operations and public health. Our capabilities include IT modernization, mission systems engineering and other engineering solutions, software applications and analytics, critical infrastructure and base operations, supply chain management and logistics and professional services. As a family of Alaska Native-owned companies, our work helps secure an enduring future for more than 14,000 Iñupiaq shareholders from Alaska's North Slope. Since inception, ASRC Federal has contributed to over $2 billion in shareholder dividends paid by its parent company, Arctic Slope Regional Corporation. For more information, please visit www.asrcfederal.com. SOURCE ASRC Federal

Arctic Slope Regional Corporation
Feb 10th, 2026
Alaska Native corporation ASRC acquires Coinstar, creating new financial solutions segment

Arctic Slope Regional Corporation (ASRC), an Alaska Native regional corporation, has acquired Coinstar, establishing a sixth core business segment focused on financial solutions. The acquisition, unanimously approved by ASRC's board in late 2025, marks a significant milestone in the company's diversification strategy. The deal follows years of effort to identify opportunities beyond ASRC's traditional businesses. CEO Rex A. Rock Sr. said the acquisition strengthens the corporation's ability to generate returns for its 14,000 Iñupiaq shareholders whilst enhancing long-term stability. Coinstar operates over 24,000 self-service kiosks across North America, Europe and the UK, partnering with more than 700 retailers. The company helps consumers convert cash and coins into digital funds through its network, mobile app and digital wallet platform, employing over 400 people globally.

Alaska Business Publishing Company
Jan 8th, 2025
BBNC Takes Majority Interest in Alaska Growth Capital

BBNC had held a minority stake since 2022, when McKinley Management acquired the business line from Arctic Slope Regional Corporation.

Sealaska
Jun 26th, 2022
Arctic Slope Regional Corp hires Sealaska

Sealaska joins Calista and Arctic Slope Regional Corporation in rejecting the practice of quantifying degree of Indian blood in order to be a shareholder.

Arctic Slope Regional Corporation
Mar 19th, 2022
Arctic Slope Regional Corp hires Don Young as partner of the region and tireless advocate

Arctic Slope Regional Corporation (ASRC) is remembering Congressman Don Young as a partner of the region and tireless advocate for all of Alaska.

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