December 19, 2014
from Hendershot Investments
Precision Castparts (PCP) has grown from a small manufacturer of investment castings for a wide variety of applications to a global market leader producing investment castings, forgings and fasteners for aerospace, power and general industrial markets.
In fiscal 2014, aerospace markets accounted for 68% of sales, power markets represented 18% of sales and general industrial and other markets accounted for 14% of sales. On a business segment basis as of 9/30/14, forged products accounted for 43% of sales, airframe products represented 32% of sales and investment cast products accounted for 25% of sales.
Because of the complexity of the manufacturing process and the application of proprietary technologies, Precision Castparts is one of the few manufacturers that can consistently produce large, complex structural investment castings in quantities sufficient to meet customers’ quality and delivery requirements. This has enabled the firm to become the preferred and leading supplier of structural and airfoil casting for jetcraft and industrial gas turbine engines and to expand into the structural airframe and armament markets. Read More »