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About Us > PRICE Milestones

PRICE® Milestones

Deep Roots in Parametric Estimating

Since 1969, PRICE® Systems has been collecting and analyzing data from hardware, software, aerospace, defense, and commercial/industrial projects, to refine cost models that help users develop defensible top-down estimates with speed, accuracy, transparency, and standardization.

2016

PRICE® Systems Cost Research team wins Team Achievement of the Year Award at ICEAA's Professional Development & Training Workshop.

2014

PRICE® Systems introduces the Space Missions Catalog, which is an enhancement to NASA's Space Missions Model, previously known as the "Chicago Cost Model" or "ChiCoMo"

2013

PRICE® Estimation Systems Integration Framework introduced; enables PRICE tools to work with
other cost management functions

2010-2013

PRICE® Systems expands with Defense organizations in Spain, Canada, and Italy

2007

Web-based training added to PRICE® University; delivers educational courses, exercises, and hands-on product training for both customers and practitioners

2006

PRICE® Systems launches IT Systems Life Cycle Cost Estimating Suite

2003

PRICE® Systems introduces TruePlanning®, a framework that integrates multiple cost models
within one system

2001

PRICE Systems' President and CEO Anthony DeMarco selected to serve on International Space Station (ISS) Management and Cost Evaluation (IMCE) Task Force by NASA Administrator

2000-2006

PRICE® Systems expands with Defense organizations in Japan, S. Korea, Australia, and China

1998

Management buyout from Lockheed Martin; PRICE® Systems LLC formed as independent company
(Anthony DeMarco, President and CEO)

1986-1995

GE acquires RCA; RCA PRICE® Systems becomes GE PRICE® Systems under GE Aerospace division

Martin Marietta acquires GE Aerospace division; GE PRICE® Systems becomes Martin Marietta
PRICE® Systems

Lockheed Corporation merges with Martin Marietta to form Lockheed Martin; PRICE® Systems
becomes a division of Lockheed Martin

1984-1985

PRICE® Systems expands to first global offices in France, the United Kingdom, and Germany

1984

Cost forecasting and analysis technology pioneer Anthony DeMarco joins PRICE® Systems

1976-1983

PRICE® Systems introduces additional cost models: Hardware Lifecycle, Software Development,
and Microcircuit

1975

PRICE® Systems business launched within RCA; introduces first parametric Hardware Acquisition Cost Model (Frank Freiman, Founder)

1969

RCA's Frank Freiman invents parametric cost modeling for estimating acquisition and development
of hardware systems