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September 2, 2008

Precision Castparts Agrees to Buy Airdrome Holdings

Precision Castparts Corp., Portland, OR, has agreed to acquire Airdrome Holdings, LLC, which consists of Airdrome Precision Components and AF Aerospace Ltd. 
 
APC, Long Beach, CA, is a supplier of hydraulic and pneumatic fluid fittings for airframe applications. AFA, Rugby, England, manufactures machined components for aerospace applications, including fittings and other fluid conveyance products, ultra-high tensile bolts, and machined details. Fluid fittings, manufactured in nickel, titanium, and stainless steel alloys, are the connectors for hoses transporting fuel, hydraulic fluid, and pneumatic pressure throughout an aircraft. 
 
“The acquisition of Airdrome continues to expand and enhance our critical aerospace fastener product portfolio,” said Mark Donegan, CEO of Precision Castparts Corp. “APC provides an immediate entry into the fluid fittings market segment, while AFA nicely complements our UK fastener operations, TJ Brooks and SPS Aerostructures, both in product families and sales channels.” 
 
Precision Castparts Corp. is a manufacturer of metal components and products serving the aerospace, power generation, automotive, and general industrial and other markets.

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