cockpitbob
NES Member
Heathkit Declares Bankruptcy, Closes for Good (Again)
11 months. That didn't talke long.In August 2011, Heathkit announced it was returning to the kit building business, and in September, that it would once again be manufacturing Amateur Radio kits.
Oh, now I see. They built their business model around government money.he explained in the article. “Heathkit was primarily dependent upon federal and state funding for schools. Spending in education continued to drop down, and it was economically unfeasible to continue operating. When we got back into the kit business, we were losing the education business faster than we were growing the kit business. It was not sustainable.”