Company Profile
PCC Structurals, Inc.
Company Overview
Precision Castparts Corp. (PCC) is Headquartered in Portland, Oregon and employees more than 29,500 people worldwide. PCC has over 160 plants and has a presence in twenty-six states in the US and in over a dozen countries. PCC 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.
PCC has a history of superior earnings growth and was the fourth best performing stock in the S&P 500 during the last decade, up 1580%. Due to our long-term success, Berkshire Hathaway, led by chairman and CEO Warren E. Buffet, acquired Precision Castparts Corp. in February 2016. Mr. Buffet stated, “I’ve admired PCC’s operation for a long time. For good reasons, it is the supplier of choice for the world’s aerospace industry, one of the largest sources of American exports. Berkshire’s Board of Directors is proud that PCC has joined Berkshire.”