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Amana was acquired in 1965 by Raytheon, [7] which had invented the microwave oven in 1947, and introduced the commercial Radarange Model 1611 in 1954. [5] In 1967, Amana introduced a consumer model of the Radarange, the first popular microwave designed for home use. [4]
The Raytheon Company was a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics. Founded in 1922, it merged in 2020 with United Technologies Corporation to form Raytheon Technologies, [3] which changed its name to RTX Corporation in July 2023.
Renamed Amana Refrigeration, Inc., the company grew to manufacture refrigerators and air conditioners. The Raytheon Corporation purchased Amana Refrigeration on January 1, 1965, although the Amana division was mostly autonomous. [55] Amana produced the first practical commercial microwave oven in 1967. [56]
Raytheon later licensed its patents for a home-use microwave oven that was introduced by Tappan in 1955, but it was still too large and expensive for general home use. Sharp Corporation introduced the first microwave oven with a turntable between 1964 and 1966. The countertop microwave oven was introduced in 1967 by the Amana Corporation.
Its most popular product was their built-in wall oven. In 1967, it was acquired by Raytheon Corporation which also owned Amana refrigerators and Speed Queen laundry products. By the early 1990s, Caloric was absorbed into Amana and the Caloric brand was phased out. The Topton plant was shut down in 1991. [4]
In 1967 the first more affordable, $495 (equivalent to $4,523 in 2023), and reasonably sized (counter-top) Radarange brand microwave oven was made available for sale, produced by Amana (a division of Raytheon). [4] Spencer became Senior Vice President and a Senior Member of the Board of Directors at Raytheon. He received 300 patents during his ...
Frank Hardart Murray (born 1953) is an American business executive. He is founder, president and chief executive officer of InterTech Media. In the 1990s, Murray was the chairman and CEO of Goodman Manufacturing Company and engineered Goodman's purchase of Amana Corporation from Raytheon and initiated Amana's successful brand-revitalization campaign. [1]
RTX Corporation, formerly Raytheon Technologies Corporation, [3] [4] is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia.It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.