Precision Castparts Corp. manufactures metal components and products. It provides investment castings, forgings, fasteners and fastener systems for critical aerospace and industrial gas turbine applications. The company operates through three reportable segments: Investment Cast Products, Forged Products and Airframe Products.
The Investment Cast Products segment manufactures investment castings for aircraft engines, industrial gas turbine engines, airframes, medical prostheses, armament, unmanned aerial vehicles and other industrial applications. The Forged Products segment manufactures forged components from sophisticated titanium and nickel-based alloys principally for the aerospace and power markets, and manufactures metal alloys used to produce forged components for aerospace and non-aerospace markets which include products for oil and gas, chemical processing, and pollution control applications. The Airframe Products segment produces highly engineered fasteners, fastener systems, aero structures, and precision components for critical applications in the aerospace, automotive and industrial machinery markets. The company was founded on April 1, 1953 and is headquartered in Portland, OR.“
“PCC History
Precision Castparts Corp. has been headquartered in Portland, Oregon, for more than 60 years. The business has grown from a small manufacturer of investment castings for a wide variety of applications to a Fortune 500 company producing investment castings, forgings, and fasteners for aerospace, power, and general industrial customers. This growth has resulted from increased market share, entry into new end markets, and strategic acquisitions. Over the course of the company’s history, Precision Castparts has been led by just three chairmen and chief executive officers: Ed Cooley, Bill McCormick, and Mark Donegan. Each has made significant contributions during his tenure to make Precision Castparts one of the foremost manufacturing companies in the world today.”
*Information from Forbes.com and Precast.com
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