Precision Castparts Corp.

45°29′21″N 122°40′22″W / 45.4891271°N 122.6728299°W / 45.4891271; -122.6728299

Precision Castparts Corp.
Company typeSubsidiary
IndustryAerospace and Defense
FoundedApril 1, 1953; 71 years ago (1953-04-01) in Portland, Oregon, United States
Headquarters,
Key people
Mark Donegan
(Chairman & CEO)
ProductsInvestment castings, forged products, fasteners
RevenueIncrease US$9.6 billion (FY 2014)[1]
Increase US$2.6 billion (FY 2014)[1]
Increase US$1.7 billion (FY 2014)[1]
Total assetsIncrease US$18.5 billion (FY 2014)[1]
Total equityIncrease US$11.4 billion (FY 2014)[1]
OwnerBerkshire Hathaway (since 2016)[2]
Number of employees
30,100 (March 2015)[2]
DivisionsPCC Airfoils, PCC Structurals, PCC Energy Group, PCC Fasteners, PCC Aerostructures
SubsidiariesWyman-Gordon, Special Metals Corporation, Titanium Metals Corporation, Texas Honing Inc.
Websitewww.precast.com

Precision Castparts Corp. is an American industrial goods and metal fabrication company that manufactures investment castings, forged components, and airfoil castings for use in the aerospace, industrial gas turbine, and defense industries. In 2009 it ranked 362nd on the Fortune 500 list, and 11th in the aerospace and defense industry.[3] In 2015 it ranked 322nd overall and 9th in the aerospace and defense industry.[4] In 2014 it ranked 133rd on the S&P 500 based on market capitalization.[5] In January 2016, the company became a wholly owned subsidiary of Berkshire Hathaway.[2] Before that event, it used to be one of the three Fortune 500 companies headquartered in Oregon.

  1. ^ a b c d e "Precision Castparts 2012 Annual Report, Form 10-K, Filing Date May 31, 2012" (PDF). secdatabase.com. Retrieved June 8, 2012.
  2. ^ a b c Rogoway, Mike (January 30, 2016) [first published online January 29]. "Precision Castparts' $37B sale finalized". The Oregonian. p. C8. Retrieved February 2, 2016.
  3. ^ Precision Castparts. Fortune 500: 2009. CNNMoney.com. Retrieved on April 20, 2009.
  4. ^ Brett Krasnove (June 3, 2015). "Fortune 500". Fortune. Retrieved April 16, 2016.
  5. ^ Dividend Channel (September 8, 2014). "Precision Castparts Takes Over #133 Spot From Kraft Foods Group". Forbes.