It wasn’t long before Pratt & Whitney signed up to incorporate large structural castings into their JT9D commercial engine, and Precision Castparts became a significant participant in the aerospace industry. Air Force C-5 Galaxy heavy military transport, was the first high-bypass turbofan engine and the forerunner of GE’s commercial CF6 family of jet engines, installed on Airbus and Boeing wide-body aircraft around the world. The TF39 engine, designed to power the U.S. Then, in 1967, Precision Castparts was awarded a contract with General Electric for TF39 engine components. That moved the business far ahead of its competition and resulted in several contracts for large aircraft engine castings. The company pushed aggressively to make ever larger structural castings and, in 1962, purchased a vacuum furnace with the capability of pouring a part weighing up to 1,000 pounds. Three years later, the company, owned by Cooley and two other individuals, was incorporated under the laws of the State of Oregon. This venture proved so successful that, by the spring of 1953, the casting division was made into a separate business and named Precision Castparts Corp.
In 1949, Joseph Cox, president and owner of Oregon Saw Chain in Portland, Oregon, started a small investment casting business with the intention of making a special cutter for his chain saw products.Įd Cooley, assistant general manager for the company, began to spend more and more time with the casting operation and solicited outside work primarily from local businesses.
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