For those of us who grew up building Heathkits and hoped that the company would rebuild itself successfully, it looks as though there is no longer any hope.
The Heath Co. was founded in 1926 as an aircraft company but shifted its focus several times to remain competitive. After World War II the company switched to the electronics industry and bought a large surplus of wartime electronic parts to build kits. The company once employed as many as 1,800 people in the Twin Cities.
The article (link below) explains the bankruptcy and mentions how Steve Jobs was one of the thousands that were inspired by Heathkit. The two comments echo how many of us feel about the loss of the company.
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