Precision Castparts Declares Dividend at Quarterly Board Meeting

PORTLAND, Ore., Aug. 17, 2011 (GLOBE NEWSWIRE) -- The board of directors of
Precision Castparts Corp. (NYSE:PCP) has declared a quarterly cash dividend of
$0.03 per share on the company's common stock payable on October 3, 2011, to
shareholders of record at the close of business on September 9, 2011.

Precision Castparts Corp. is a worldwide, diversified manufacturer of complex
metal components and products. It serves the aerospace, power, and general
industrial 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 and other
general industrial markets, and supplies metal alloys and other materials to the
casting and forging industries.

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, including the Boeing 787;
the availability and cost of energy, materials, supplies, and insurance; 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.

Precision Castparts Corp.'s press releases are available on the Internet at
GlobeNewswire's website -- http://www.globenewswire.com or PCC's home page at
http://www.precast.com.

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http://www.globenewswire.com/newsroom/prs/?pkgid=8204

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CONTACT: Dwight Weber
Director of Communications
(503) 946-4855