[5] Arctic Slope Regional Corporation was created under the Alaska Native Claims Settlement Act of 1971.

[1] ASRC is a private for profit corporation, with headquarters in Utqiaġvik, Alaska, and administrative offices in Anchorage.

[12] ASRC is one of the largest private landowners in Alaska, with ownership in fee simple of 5 million acres of land.

Production started in the fourth quarter of 2015 from the new CD-5 drill site, located to access both the Nanuq Kuparuk and the Alpine Participating Areas.

[15] After ASRC was created in 1971, it received a share of the $963 million provided by the Alaska Native Claims Settlement Act, plus a number of acres of land in proportion to the size of villages in its region.

It engaged experts to identify land with significant potential for petroleum, timber, fish, game, and tourist development.

[citation needed] Since 2000, it has distributed $90 million to support socioeconomic opportunities in the area, including scholarships and training programs to qualified Iñupiat.

Headquartered in Greenbelt, Maryland, ASRC Aerospace supports 15 major contracts providing a base of over 1000+ personnel.

[17] These projects included studies on lightning strikes and how the associated magnetism could affect launch operations for the shuttle fleet.

The company also has designed lightning arresters to protect the Ares rocket, which was planned to replace the Space Shuttle prior to the Obama administration's decision to cancel the Constellation Program.

The National Aeronautics and Space Administration (NASA) presented the George M. Low award to ASRC Aerospace Corporation on February 26, 2008 in recognition of sustained, high quality performance in launch site design engineering, project management, technology development, and technical support services.