PCC Signs Aircraft, Gas Turbine Castings Contract.Precision Castparts Corp. (PCC PCC prothrombin complex concentrate. ), Portland, Oregon, signed a five-year agreement with FiatAvio, Turin, Italy, to manufacture aerospace and aeroderivative investment castings--valued at approximately $130 million through 2005. The agreement covers 22 castings for various aircraft engine programs and for LM2500 and LM6000 gas turbine engines. The work will be performed at three PCC locations: PCC Structurals, Inc., in Portland, Oregon and Ogeu-les-Bains, France; and Wyman-Gordon Castings' small structural operation in Portland, Oregon. For all but one engine program, the long-term agreement grants 100% market share to PCC. "This agreement is further evidence of the stability of our future business, and we are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op that incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. growth opportunities will emerge over the course of the contract. For example, the LM6000 volume has more than doubled over the past two years, and our forecast already shows a significant increase in volume over the next year," said William C. McCormick, PCC chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Other programs included in the agreement have growth opportunities similar to the LM600, and we will be awarded further business as it develops." PCC manufactures investment castings investment casting Precision casting for forming metal shapes with minutely precise details. Casting bronze or precious metals typically involves several steps, including forming a mold around the sculptured form; detaching the mold (in two or more sections); coating its for aircraft engines, airframes and gas turbine engines. |
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