at , Portland, 97239 United States
Precision Castparts Corp. is a Portland, Oregon, United States-based 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 they ranked 362nd on the Fortune 500 list, and 11th in the Aerospace and Defense Industry. They are now ranked 322 overall and 9th in the Aerospace and Defense Industry. They are ranked #133 on the S&P 500 based on market capitalization. It is one of only two Fortune 500 companies headquartered in Oregon.HistoryPrecision Castparts 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.1960s and 1970sBeginning 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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