Large-scale MRD CI calculations assign to AlP the ground state X 3Σ− (9σ23π2) and a close-lying state 1 3Π (9σ3π3) (Te = 0.08 eV). Up to transition energies of 2.0 eV, other states are described by the configurations 9σ3π3 (11Π), 8σ23π4 (1 1Σ+), 9σ23π2 (1 1Δ and 2 1Σ+) and 9σ3π24π (1 5Π). The 2 3Π state, located at ≈ 2.30 eV, shows a shallow double minimum. Numerous perturbations are expected to induce predissociation upon 2 3Π. Multiplets arising from the occupation 8σ23π34π are clustered in the 3.25–3.50 eV region. Quintet states with the configuration 8σ9σ3π34π are bound, with Te values (in eV) of 3.80 (1 5Σ+), 4.44 (1 5Δ) and 4.88 (3 5Σ−), respectively. The 9σ → 4s Rydberg members 5Σ− and 3Σ− lie in the 4.58–4.72 eV energy region. The first ionization potential (ionization to X4Σ− of AlP+, 9σ → ∞) is estimated to be 7.65 eV. Ionization to the 1 2Σ− and 1 2Π states of AlP+ is suggested to occur between 8.0 and 8.8 eV. The dipole moments of X 3Σ−, 1 1Δ and 2 1Σ+ are close to 1.0 D, whereas the 1 1Σ+ state has μ = 3.49 D; 1 3Π and 1 1Π have dipole moments from 2.45 to 2.91 D. All low-lying states show a polarity Al+P−. Finally, the electronic structure and transition energies of AlP are compared with those of the isoelectronic species BN, AIN, and SiP+.