Company Overview | PRICE® Systems

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Innovation since 1975

Predictive power. Confident estimates.

Organizations worldwide across the aeronautics, space, and government industry have used PRICE Cost Analytics™ for over four decades. They gain fast, more accurate cost intelligence and process integration for projects, budgets, and bids—offering a unified cost format, data transparency, insightful metrics, and defendable estimates.

More than a tool

Estimates for complex industry and government projects often have special needs and require unique expertise, data, and reports. Our predictive, prescriptive technology, combined with your expert insights and historical data, create a powerful organizational costing capability to support lifecycle processes.

Government Contractors Government Organizations

Estimating confidence

Our cost engineering solutions and expertise enable our customers to estimate projects faster and with improved traceability. An intuitive interface and powerful predictive models bring speed, accuracy, and defensibility to every estimate.

Exceptional customer support

You can count on PRICE®. We understand how critical successful estimates are to the vitality of your career and organization—and to the security of your state or nation. From our engaged leadership to our solution consultants, we take pride in ensuring your success.

Deep roots in parametric estimating

1969

RCA’s Frank Freiman invents parametric cost modeling for estimating acquisition and development of hardware systems.
1975

PRICE® Systems business launched within RCA; introduces first parametric Hardware Acquisition Cost Model (Frank Freiman, Founder).
1976-1983

PRICE® Systems introduces additional cost models: Hardware Lifecycle, Software Development, and Microcircuit.
1984

Cost forecasting and analysis technology pioneer Anthony DeMarco joins PRICE® Systems
1984-1985

PRICE® Systems expands to first global offices in France, the United Kingdom, and Germany.
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.
1998

Management buyout from Lockheed Martin; PRICE® Systems LLC formed as independent company and Anthony DeMarco becomes President and CEO.
2000-2006

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

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
2003

PRICE® Systems introduces TruePlanning®, a framework that integrates multiple cost models within one system.
2006

PRICE® Systems launches IT Systems Life Cycle Cost Estimating Suite.
2007

Web-based training added to PRICE® University; delivers educational courses, exercises, and hands-on product training for both customers and practitioners.
2010-2013

PRICE® Systems expands with Defense organizations in Spain, Canada, and Italy.
2013

PRICE® Estimation Systems Integration Framework introduced; enables PRICE tools to work withother cost management functions.
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”.
2016

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