Precision Castparts Corp. Reports First Quarter Fiscal 2011 Earnings
Precision Castparts Corp. (NYSE:PCP) saw increasing aerospace OEM and general industrial volumes in the first quarter of fiscal 2011, countered by lost leverage due to significantly lower seamless pipe sales.
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PCC Airfoils' products made of special nickel superalloys
are manufactured with complex, internal cooling passages to withstand
turbine temperatures of 2.400° F or more. The business has also become
a major supplier of airfoils on large, land-based gas turbines for electrical
power generation.