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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Wyman-Gordon's process involves forging titanium, steel,
or nickel alloys/alloy powders, primarily for the aerospace and industrial
gas turbine markets. The segment also manufactures extruded pipe for power
generation and oil and gas industry applications.