Formula is a boat

Boat

A boat is a watercraft of any size designed to float or plane, to provide passage across water. Usually this water will be inland or in protected coastal areas. However, boats such as the whaleboat were designed to be operated from a ship in an offshore environment. In naval terms, a boat is a...

 brand owned by Thunderbird Products

Thunderbird Products

Thunderbird was started as a boat company by Woodie Woodson in 1956 in Miami, Florida. The primary design for Thunderbird boats originally consisted of a tri-hull or cathedral hull design.-History:...

. Formula was originally a company founded by Don Aronow in 1962 in Miami, Florida

Miami, Florida

Miami is a city located on the Atlantic coast in southeastern Florida and the county seat of Miami-Dade County, the most populous county in Florida and the eighth-most populous county in the United States with a population of 2,500,625...

. The first successful model was the original 233 Deep-V hull.

Formula was purchased by Alliance Machine and Foundry in 1964, later combined with Thunderbird Products, and then sold to Fuqua Industries as Thunderbird/Formula in 1969. Vic Porter purchased Thunderbird/Formula from Fuqua in 1976. Porter and his children still own and operate the company today. Formula is now the brand of boats sold, and Thunderbird is the company name itself.

Formula boats are known for their racing heritage; a Formula boat won the American Power Boat Association

American Power Boat Association

The American Power Boat Association is a New York non-profit, membership owned corporation that was created in 1903 by an act of the New York legislature as a racing association for powerboats. It is the United States sanctioning authority for the Union Internationale Motonautique , the world...

World Championships in both 2000 and 2003.