Microwave oven
In 1947, Raytheon built the "Radarange", the first commercially available microwave oven. It was almost tall, weighed and cost about US$5,000 ($ in dollars) each. It consumed 3 kilowatts, about three times as much as today's microwave ovens, and was water-cooled. The name was the winning entry in an employee contest. An early Radarange was installed (and remains) in the galley of the nuclear-powered passenger/cargo ship NS "Savannah". An early commercial model introduced in 1954 consumed 1.6 kilowatts and sold for US$2,000 to US$3,000 ($ to $ in dollars). Raytheon licensed its technology to the Tappan Stove company of Mansfield, Ohio in 1952. They tried to market a large 220 volt wall unit as a home microwave oven in 1955 for a price of US$1,295 ($ in dollars), but it did not sell well.
Merage family
David and Paul Merage co-founded Chef America Inc. where they created the popular microwavable snack, Hot Pockets, in the early 1980s. The brothers later sold the Chef America Inc. company to Nestlé for $2.6 billion. Hot Pockets were manufactured in Englewood, Colorado, Chef America's former headquarters, until moving its business to the rest of Nestlé's frozen business in Solon, Ohio.