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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.


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


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


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


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


PRICE® Systems launches IT Systems Life Cycle Cost Estimating Suite


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


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


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


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


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


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


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


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


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