Word: raytheon
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Percy Spencer didn't know better than to bring candy with him into his microwave lab in 1946. When the American engineer, who was developing radar components for the Raytheon Corp., let his chocolate bar get too close to a piece of equipment, it turned into chocolate...
Cooking would never be the same. Within a year, Raytheon had introduced the first commercial microwave oven--a clunky, 750-lb. thing that required plumbing to prevent overheating but that managed nonetheless to do the job: heat food by electromagnetically stimulating the water, fat and sugar molecules within it. It was 20 years before Amana introduced a household model, and even then consumers--fearing everything from sterility to brain damage from the unfortunately named "Radarange"--gave the gadget a pass...
Harvard has contracted with Stamford, Connecticut-based STOP Inc., whose clients include Raytheon Corp., Ford Motor Co. and General Electric...
...Microwave Oven 1967, by Raytheon...
When the Dow peaked at 985 in 1968, the conglomerate movement comprised dozens of America's largest companies, including Textron, Litton, Teledyne, Raytheon, Walter Kidde & Co. and US Industries. The movement would sputter to a halt in the '70s, its oxygen cut off by rising interest rates and a falling market. A surprisingly anticonglomerate Nixon Administration crimped the most aggressive expansions in the interest of protecting what Ling calls "the smokestack-industry crowd" of old-line executives. Ling was forced out of LTV in 1970 as part of an antitrust settlement. Bluhdorn died on a company jet in 1983. Geneen...