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 Structurals manufactures stationary components that
form portions of the fan, compressor, combustor, and turbines sections
of a jet aircraft engine. The business' technology and expertise have
more recently been applied to development of significant growth opportunities
in the industrial gas turbine and airframe markets.