This is an archived article that was published on sltrib.com in 2008, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.
Posted: 8:40 AM- OGDEN -- Most of the assets of the bankrupt Adam Aircraft Industries will be auctioned off next month.
The company filed for bankruptcy and closed its doors in February after it failed to secure $30.5 million it was relying on to bridge a gap until more funding could be obtained.
The Colorado-based company's closure put 800 employees out of work, including 50 at a facility at Utah's Ogden-Hinckley Airport.
Adam's assets include airplanes, equipment, furniture, computers and patents. They are collectively valued at more than $24 million.
