Deep roots in parametric estimating
RCA’s Frank Freiman invents parametric cost modeling for estimating acquisition and development of hardware systems.
PRICE® Systems business launched within RCA; introduces first parametric Hardware Acquisition Cost Model (Frank Freiman, Founder).
PRICE® Systems introduces additional cost models: Hardware Lifecycle, Software Development, and Microcircuit.
Cost forecasting and analysis technology pioneer Anthony DeMarco joins PRICE® Systems
PRICE® Systems expands to first global offices in France, the United Kingdom, and Germany.
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.
Management buyout from Lockheed Martin; PRICE® Systems LLC formed as independent company and Anthony DeMarco becomes President and CEO.
PRICE® Systems expands with Defense organizations in Japan, S. Korea, Australia, and China.
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
PRICE® Systems introduces TruePlanning®, a framework that integrates multiple cost models within one system.
PRICE® Systems launches IT Systems Life Cycle Cost Estimating Suite.
Web-based training added to PRICE® University; delivers educational courses, exercises, and hands-on product training for both customers and practitioners.
PRICE® Systems expands with Defense organizations in Spain, Canada, and Italy.
PRICE® Estimation Systems Integration Framework introduced; enables PRICE tools to work withother cost management functions.
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”.
PRICE® Systems Cost Research team wins Team Achievement of the Year Award at ICEAA’s Professional Development & Training Workshop.