Precision Castparts is an American corporation which deals in the production of industrial and metal fabricated goods. The portfolio of the company comprises of produce such as forged components, investment castings, airfoil castings, industrial gas turbines and so on. The corporation is headquartered in Oregon, United States and is one of the two Fortune 500 companies in the world to be based there. The company as of now ranks 9th in the top ten corporations in the world from Aerospace and Defense sector. Mark Donegan serves Precision Castparts as its CEO and Chairman currently. It has a total of 29,600 employees, which are responsible for bringing in a turnover of 9.6 billion USD on an annual basis.
The company’s establishment goes back to the early 1950s, when Joseph Buford Cox, its founder owned Oregon Saw Chain and started a casting operation with a worker named Ed Cooley in 1949. After four years of working together as partners, Cox decided to separate the two companies which lead to the formation of Precision Castparts.