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The following is an excerpt from a 10-K SEC Filing, filed by PRECISION CASTPARTS CORP on 6/14/2004.

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                                                                      Exhibit 21

SUBSIDIARIES OF PRECISION CASTPARTS CORP.

                                                                                     State or
                                                                                 Jurisdiction
                                                                                           of
                                                                 Approximate    Incorporation
                                                        Percentage of Voting               or
Name of Subsidiary                                          Securities Owned     Organization
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PCC Structurals, Inc.                                                   100%           Oregon
Precision Castparts Corp. France, S.a.r.l.                              100%           France
PCC Airfoils, LLC                                                       100%             Ohio
AETC Limited                                                            100%   United Kingdom
PCC Flow Technologies Holdings, Inc.                                    100%         Delaware
CW Valves Services Co.                                                  100%            Texas
AOP Industries, Inc.                                                    100%         Oklahoma
PCC Flow Technologies (Wuxi) Co., Ltd.                                  100%            China
PCC Flow Technologies LP                                                100%         Delaware
PCC Valves & Controls, Inc (formerly TBV)                               100%         Delaware
Environment-One Corporation                                             100%         New York
PCC Flow Technologies (Switzerland) AG                                  100%      Switzerland
Technova GmbH                                                           100%          Germany
PCC Ball Valves S.r.l.                                                  100%            Italy
Otto Vogeli Industriearmaturen GmbH                                     100%          Germany
PCC Flow Technologies Limited                                           100%   United Kingdom
PCC Specialty Products, Inc.                                            100%         Delaware
J&L Fiber Services, Inc.                                                100%        Wisconsin
Advanced Forming Technology, Inc.                                       100%         Colorado
Wyman-Gordon Company                                                    100%    Massachusetts
Wyman-Gordon de Mexico S. de R.L. de C.V.                               100%           Mexico
Precision Founders, Inc.                                                100%       California
Precision Castparts CZ s.r.o.                                           100%   Czech Republic
Wyman Gordon (Cleveland), Inc.                                          100%             Ohio
Cypress Extrusion Press Corporation                                     100%         Delaware
Wyman-Gordon Limited                                                    100%   United Kingdom
Wyman-Gordon Forgings LP                                                100%         Delaware
Wyman-Gordon s.r.o.                                                     100%   Czech Republic
Western Australian Specialty Alloys, Pty. Ltd.                          100%        Australia
Wyman-Gordon Investment Castings, Inc.                                  100%         Delaware
STW Composites, Inc.                                                    100%         Delaware
Wyman-Gordon Washington Street, LLC                                     100%         Delaware
Precision Receivables Corp.                                             100%           Oregon
PCC Luxembourg Holdings LLC                                             100%         Delaware
PCC Luxembourge Holdings SCS                                            100%       Luxembourg
PCC Wouter Witzel Ltd.                                                  100%   United Kingdom
PCC Wouter Witzel Holding B.V.                                          100%      Netherlands
PCC Euro Automation Centre B.V.                                         100%      Netherlands
PCC Airfoils S.A. de C.V.                                               100%           Mexico
PCC Sterom S.A.                                                        97.8%          Romania
PCC Flow Technologies Australia Pty Ltd.                                100%        Australia
PCC Composites, inc.                                                    100%         Colorado
AFT Europa-Advanced Forming Technologies Ltd.                           100%          Hungary
FRISA Wyman-Gordon, S.A. de C.V.                                        100%           Mexico
SPS Technologies, LLC                                                   100%     Pennsylvania
M. Argueso & Company, LLC                                               100%         Delaware
The Arnold Engineering Co.                                              100%         Illinois
Arnold Investments, Ltd                                                 100%         Delaware
Arnold Magnetics Limited                                                100%        Hong Kong
Arnold Magnetics Asia Ltd                                               100%        Hong Kong
Arnold Magnetics (Shenzhen) Limited                                     100%            China
NAM Acquisition Corp I & II                                             100%         Delaware
National Arnold Magnetics                                               100%       California
Jade Magnetics Limited                                                  100%   British Virgin
                                                                                        Isles
Flexmag Industries, Inc                                                 100%             Ohio
Greer Stop Nut, Inc.                                                    100%        Tennessee
Magnetics Technologies Corporation                                      100%         Delaware
Magnetics Technology Europe Limited                                     100%   United Kingdom
SPS Technologies Foreign Sales Corp.                                    100%         Barbados
Unbrako LLC                                                             100%         Delaware
Unbrako Mexicana SRL de C.V.                                            100%           Mexico
SPS International Investment Co                                         100%         Delaware
Unbrako, Inc.                                                           100%         Delaware



--------------------------------------------------------------------------------
Greenville Metals, Inc.                             100%     Pennsylvania
Metalac Fasteners, Inc.                             100%         Illinois
SPS Technologies Waterford Company                  100%         Michigan
Magnetstuff.com, Inc.                               100%         Illinois
Howell Penncraft, Inc.                              100%         Delaware
Cannon-Muskegon Corporation                         100%         Michigan
Non-Ferrous Bolt & Manufacturing Co                 100%           Nevada
Avibank Mfg., Inc                                   100%         Delaware
NSS Technologies, Inc.                              100%         Michigan
Standco Canada, Ltd                                 100%           Canada
SPS/Unbrako K.K.                                    100%            Japan
Metalac SPS Industria e Comercio, Ltda              100%           Brazil
Metalac S/A Industria e Comercio                    100%           Brazil
Mecair Aerospace Industries, Inc.                   100%           Canada
Unbrako Schrauben, GmbH                             100%          Germany
SPS Asia Ltd.                                       100%        Hong Kong
SPS International, S.a.R.L.                         100%       Luxembourg
S.P.S. International Limited                        100%          Ireland
SPS Hi-Tek, Ltd                                     100%          Ireland
S.M.T., Ltd                                         100%          Ireland
Mohawk Ueopa, Ltd                                   100%          Ireland
Mohawk Cutting Tools Sales, Ltd                     100%   United Kingdom
Melcut Tools, Ltd                                   100%          Ireland
Melcut Tools, Inc.                                  100%   South Carolina
SPS Technologies France, S.a.R.L.                   100%           France
SPS Aerostructures France SAS                       100%           France
Hi-Life Tools France, E.U.R.L.                      100%           France
Hi-Life ULMA, Srl                                   100%            Italy
Unrako Products (Singapore), Ltd.                   100%        Singapore
SPS Technologies Trading Pte., Ltd                  100%        Singapore
Unrako Pty., Ltd.                                   100%        Australia
SPS Malta Limited                                   100%            Malta
SPS Pacific Limited                                 100%            Malta
SPS Technologies Limited                            100%   United Kingdom
Hi-Life Tools (UK) Limited                          100%   United Kingdom
Swift Levick Magnets Limited                        100%   United Kingdom
SPS Tech Training Limited                           100%   United Kingdom
T.J. Brooks, Ltd.                                   100%   United Kingdom
SPS Chevron Limited                                 100%   United Kingdom
SPS Biao Wu High Tensile Fasteners Company, Ltd.     85%            China
FRISA Wyman-Gordon LLC                               51%         Delaware
Oregon Plasma                                        50%           Oregon
Kadimi Tool Mfg. Co. PVT LTD                         50%            India
Wyman-Gordon EG S. de R.L. de C.V.                 50.1%           Mexico
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