PORTLAND – May 27, 2009 – The
board of directors of Precision Castparts Corp.
(NYSE: PCP) has declared a quarterly cash dividend
of three cents ($0.03) per share on the company’s
common stock payable on June 29, 2009, to shareholders
of record at the close of business on June
5, 2009.
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Precision Castparts Corp. is a worldwide, diversified manufacturer
of complex metal components and products. It serves the aerospace,
power generation, automotive, and general industrial and other markets. PCC
is the market leader in manufacturing large, complex structural investment
castings, airfoil castings, and forged components used in jet aircraft
engines and industrial gas turbines. The Company is also a
leading producer of highly engineered, critical fasteners for aerospace,
automotive, and other markets and supplies metal alloys and other
materials to the casting and forging industry.
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Information included within this press release
describing projected growth and future results
and events constitutes forward-looking statements,
within the meaning of the Private Securities
Litigation Reform Act of 1995. Actual
results in future periods may differ materially
from the forward-looking statements because
of a number of risks and uncertainties, including
but not limited to fluctuations in the aerospace,
power generation, and general industrial cycles;
the relative success of the Company’s
entry into new markets; competitive pricing;
the financial viability of the Company’s
significant customers; the impact on the Company
of customer labor disputes; demand, timing
and market acceptance of new commercial and
military programs; the availability and cost
of energy, materials, supplies, and insurance;
and the cost of pension benefits and post-retirement
medical benefits; equipment failures; relations
with the Company’s employees; the Company’s
ability to manage its operating costs and to
integrate acquired businesses in an effective
manner; governmental regulations and environmental
matters; risks associated with international
operations and world economies; the relative
stability of certain foreign currencies; the
impact of adverse weather or natural disasters;
the availability and cost of financing; and
implementation of new technologies and process
improvement. Any forward-looking statements
should be considered in light of these factors. The
Company undertakes no obligation to publicly
release any forward-looking information to
reflect anticipated or unanticipated events
or circumstances after the date of this document.
Contact:
Dwight E. Weber
503-417-4855
