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Leading maker of structural castings and components.
4650 SW Macadam Avenue, Suite 400
Portland, OR 97239
CEO: Mark Donegan
Stock Symbol: PCP
Precision Castparts is the world leader in structural investment castings, forged components, and airfoil castings for aircraft engines and industrial gas turbines.
Airbus, Boeing, GE, Rolls-Royce, and many other leading manufacturers depend on us for critical airframe, engine, power generation, medical, and general industrial components. With few exceptions, every aircraft in the sky flies with parts made by PCC.
The company manufactures complex metal components and products in three principal business segments: Investment Cast Products, Forged Products and Airframe Products.
The company has 159 manufacturing locations with 29,600 employees.
In fiscal 2014, the company reported record revenues of $9.6 billion, up from $8.3 billion, and net income of $1.78 billion.
Precision Castparts Corp. has been headquartered in Portland, OR, 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.
In 1949, Joseph Cox, president and owner of Oregon Saw Chain in Portland, started a small investment casting business with the intention of making a special cutter for his chain saw products. Ed Cooley, assistant general manager for the company, began to spend more and more time with the casting operation and solicited outside work primarily from local businesses. This venture proved so successful that, by the spring of 1953, the casting division was made into a separate business and named Precision Castparts Corp. Three years later, the company, owned by Cooley and two other individuals, was incorporated under the laws of the State of Oregon.
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.
Our employees are important to us and we strive to provide a competitive benefit package that shows this commitment to their well-being. We have tried to provide plenty of flexibility so each employee can make the choices that best suit his or her current situation. Specifics of each employee’s benefit package will also depend on a variety of factors including job classification and location. Here is just a sample of what you may be eligible for in the US:
- Health and life insurance
- Supplemental life insurance
- Flexible Spending Accounts
- Short- and long-term disability coverage
- Sick Leave Benefits
- Employee Assistance Program
- 401(k) Plan with company match
- Employee Stock Purchase Plan (ESPP)
- Health and Fitness Club Reimbursement Program
- Tuition assistance
- Paid vacations and holidays
Some of these programs require contributions from the employee, but many are fully paid by the company.
Updated January 23, 2015