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.