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Ed Cooley Era

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.

Ed 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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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.

Three years later, the company, owned by Cooley and two other individuals, was incorporated under the laws of the State of Oregon.

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. That moved the business far ahead of its competition and resulted in several contracts for large aircraft engine castings.

Then