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.
Raytheon
Raytheon's research on the magnetron tube revealed the potential of microwaves to cook food. In 1945, Raytheon's Percy Spencer invented the microwave oven by discovering that the magnetron could rapidly heat food. In 1947, the company demonstrated the Radarange microwave oven for commercial use.