Jason Sandefur

Precision Castparts Corporation”s fastener sales topped $800 million in fiscal 2006, boosted by organic growth from recently acquired Air Industries Corp. PCC reported fastener revenue grew 19.8% to $828 million, while operating income from fasteners jumped 63% to $144.3 million.
PCC continued to bolster its aerospace fastener holdings in 2005, acquiring airframe fastener manufacturer Air Indus-tries for $193.3 million and critical aerospace fastener maker Shur-Lok for $110 million.
PCC assembled its fastener division by acquiring SPS Technologies in 2003 for $893 million and then AIC in early 2005. AIC will be integrated into PCC”s Fastener Products segment. The deal included AIC”s “ultra-modern” 10-acre facility in Garden Grove, CA.
Consolidated sales at PCC grew 21.5% to $3.54 billion in fiscal 2006, driven by strong aerospace demand. Full-year net income increased 45.8% to $349.1 million.
PCC supplies structural and airfoil components for the aircraft engine and industrial gas turbine industries and has diversified into non-aerospace businesses. The company has more than 80 facilities in 22 states and 16 countries.
Headquarters: 4650 SW Macadam Ave., Portland, OR 97201-4254. Tel: 503 417-4800 Fax 503 417-4817
Web: precast.com
NYSE Symbol: PCP
CEO: Mark Donegan, 48
Investor relations: Dwight Weber
Employees: 16,000
Percentage of revenue from fastener-related products: 23% \ �2006 FastenerNews.com