Bangor Punta Timeline - 1980s
1980
- The Cal Yacht factory was moved to Tampa, Florida in January of 1980
- Appeared on Fortune 500 List ranked as # 333 with Revenues of $785.9 million; Profits of $29.7 million; Assets of $516.3 Million; Stockholders' Equity of $179.3 million. Employees numbered 14,000.
1981
- Appeared on Fortune 500 List ranked as # 363 with Revenues of $758.9 million; Profits of $33.8 million; Assets of $529.8 Million; Stockholders' Equity of $207.2 million. Employees numbered 11,900.
1982
- Appeared on Fortune 500 List ranked as # 361 with Revenues of $800.0 million; Profits of $44.2 million; Assets of $551.5 Million; Stockholders' Equity of $231.1 million. Employees numbered 11,400.
1983
- Appeared on Fortune 500 List ranked as # 395 with Revenues of $622.3 million; Profits of $3.1 million; Assets of $534.6 Million; Stockholders' Equity of $255.9 million. Employees numbered 10,000.
- On December 6, 1983, Lear Siegler announced that it had purchased a 21% stake in Bangor Punta from James Stewart, a Bangor director. Lear makes jet planes and Bangor makes Piper aircraft.
1984
- Appeared on Fortune 500 List ranked as # 438 with Revenues of $547.7 million; Profits (- Loss) of -$64.4 million; Assets of $419.8 Million; Stockholders' Equity of $156.0 million. Employees numbered 8,417.
- In February, Lear Siegler purchases Bangor Punta and marks the end of this highly visable corporation after 21 years.
