Precision Castparts Corp.
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| Subsidiary of Berkshire Hathaway | |
| Industry | Aerospace and Defense |
| Founded | April 1, 1953 in Portland, Oregon, United States |
| Headquarters | Portland, Oregon, United States |
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Key people
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Mark Donegan (Chairman & CEO) |
| Products | Investment castings, forged products, fasteners |
| Revenue |
 US$9.6 billion (FY 2014)
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US$2.6 billion (FY 2014)
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US$1.7 billion (FY 2014)
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| Total assets |
US$18.5 billion (FY 2014)
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| Total equity |
US$11.4 billion (FY 2014)
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Number of employees
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30,100 (March 2015) |
| Parent | Berkshire Hathaway |
| Divisions | PCC Airfoils, PCC Structurals, PCC Energy Group,PCC Fasteners, PCC Aerostructures |
| Subsidiaries | Wyman-Gordon, Special Metals Corporation, Titanium Metals Corporation, Texas Honing Inc. |
| Website | www |
Coordinates: 45°29′21″N 122°40′22″W / 45.4891271°N 122.6728299°W
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. In 2015 it ranked 322nd overall and 9th in the aerospace and defense industry. In 2014 it ranked 133rd on the S&P 500 based on market capitalization. In January 2016, the company became a subsidiary of Berkshire Hathaway. Before that event, it used to be one of the three Fortune 500 companies headquartered in Oregon.
Precision Castparts (PCC) was founded by Joseph Buford Cox on April 1, 1953. Cox was owner of Oregon Saw Chain and in 1949 had started a casting operation with assistant general manager Ed Cooley also working on the project. In 1953 Cox separated the two companies and PCC was formed, moving into a new larger facility in 1955, and incorporating the following year with Ed Cooley as one of the owners.
Beginning in the 1960s, the company began to secure contracts to provide parts for jet engines. In 1967 they were awarded a contract by General Electric to provide parts for their TF39 engine and another contract with Pratt & Whitney. The following year the company was taken public and began work with Boeing. In 1968 Precision Castparts became a public company with the offering 120,000 shares of common stock to 1,100 new shareholders. By the 1970s PCC was also casting parts for body part replacements such as hips and knees.
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