Deep roots in parametric estimating
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1969
RCA’s Frank Freiman invents parametric cost modeling for estimating acquisition and development of hardware systems.
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1975
PRICE® Systems business launched within RCA; introduces first parametric Hardware Acquisition Cost Model (Frank Freiman, Founder).
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1976-1983
PRICE® Systems introduces additional cost models: Hardware Lifecycle, Software Development, and Microcircuit.
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1984
Cost forecasting and analysis technology pioneer Anthony DeMarco joins PRICE® Systems
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1984-1985
PRICE® Systems expands to first global offices in France, the United Kingdom, and Germany.
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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.
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1998
Management buyout from Lockheed Martin; PRICE® Systems LLC formed as independent company and Anthony DeMarco becomes President and CEO.
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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.