NEW YORK, Nov. 8, 2010 /PRNewswire/ -- Precision Castparts (PCP: $145) has been picked by Standard & Poor's Equity Research as its Focus Stock of the Week. PCP carries S&P's highest investment recommendation of 5-STARS, or Strong Buy. Precision Castparts is widely regarded as the world leader in investment casting for aerospace jet engines and industrial gas turbine applications. "Our Strong Buy on PCP is based on improved demand and new product introductions in commercial airspace, overall economic improvement, and strong productivity enhancements put in place by PCP allowing the company to achieve higher earnings on a given level of sales than in the previous economic up-cycle," said Richard Tortoriello, Aerospace & Defense Equity Analyst at Standard & Poor's Equity Research. "Over the past few months, PCP clients Boeing (BA 71, Buy) and Airbus have announced plans to significantly increase aircraft production rates. Also, with aircraft utilization rising, we see aftermarkets parts demand for jet engines increasing significantly, as airlines schedule more maintenance and increased utilization spurs demand for more parts." Tortoriello expects general industrial sales, about 21% of PCP's total sales, to continue to grow with the overall economy. Although he sees sales of parts for industrial gas turbines used in electrical power generation, which are about 11% of total sales, growing slowly in fiscal year 2012 (March), due to excess electrical generating capacity in the U.S. and Europe, he also views this market as an area for potential improvement in fiscal year 2013 and beyond. To view a video of Mr. Tortoriello discussing Precision Castparts, paste the following link into your browser. http://link.delvenetworks.com/media/?mediaId=b63ca779129147a0951faf3800373f42&width=480&height=411&playerForm=DelvePlayerAbout Standard & Poor's Equity Research Services As the world's largest producer of independent equity research, Standard & Poor's licenses its research to global institutions for their investors and advisors. Standard & Poor's team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of multi-asset class securities across industries worldwide. Follow Standard & Poor's equity analysts' U.S. market commentary each day at http://www.equityresearch.standardandpoors.com/. The equity research reports and recommendations provided by Standard & Poor's Equity Research Services are performed separately from any other analytic activity of Standard & Poor's. Standard & Poor's Equity Research Services has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade for its own account. The analytical and ethical conduct of Standard & Poor's equity analysts is governed by the firm's Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com or by clicking here. About Standard & Poor's Standard & Poor's Financial Services, LLC, a subsidiary of The McGraw-Hill Companies, Inc. (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com. All information provided by Standard & Poor's is impersonal and not tailored to the needs of any person, entity or group of persons. Past performance is no indication of future results. Standard & Poor's and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.