-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WgW7za7oBOaOTP4ZY+71SOAy+Efp0BHPCp1Y1qmqI2Fc7e2+aNSHx+Y9f9Hv2DOX
 kY7DYsuh3Vq+d+eNIgjanw==

<SEC-DOCUMENT>0001179110-06-000463.txt : 20060104
<SEC-HEADER>0001179110-06-000463.hdr.sgml : 20060104
<ACCEPTANCE-DATETIME>20060104190950
ACCESSION NUMBER:		0001179110-06-000463
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060103
FILED AS OF DATE:		20060104
DATE AS OF CHANGE:		20060104

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GRABER DON R
		CENTRAL INDEX KEY:			0001180828

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10348
		FILM NUMBER:		06509978

	BUSINESS ADDRESS:	
		STREET 1:		121 PAWLEYS PLANTATION CT
		CITY:			BEAVERCREEK
		STATE:			OH
		ZIP:			46385

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRECISION CASTPARTS CORP
		CENTRAL INDEX KEY:			0000079958
		STANDARD INDUSTRIAL CLASSIFICATION:	IRON & STEEL FOUNDRIES [3320]
		IRS NUMBER:				930460598
		STATE OF INCORPORATION:			OR
		FISCAL YEAR END:			0328

	BUSINESS ADDRESS:	
		STREET 1:		4650 SW MACADAM AVE
		STREET 2:		STE 440
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97239
		BUSINESS PHONE:		503.417.4800

	MAIL ADDRESS:	
		STREET 1:		4650 SW MACADAM AVE
		STREET 2:		STE 440
		CITY:			PORTLAND
		STATE:			OR
		ZIP:			97239
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-01-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000079958</issuerCik>
        <issuerName>PRECISION CASTPARTS CORP</issuerName>
        <issuerTradingSymbol>PCP</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001180828</rptOwnerCik>
            <rptOwnerName>GRABER DON R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PRECISION CASTPARTS CORP.</rptOwnerStreet1>
            <rptOwnerStreet2>4650 S.W. MACADAM SUITE #440</rptOwnerStreet2>
            <rptOwnerCity>PORTLAND</rptOwnerCity>
            <rptOwnerState>OR</rptOwnerState>
            <rptOwnerZipCode>97239</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2006-01-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1.6922</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>52.90</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4985.6781</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>POA:  Geoffrey A. Hawkes</signatureName>
        <signatureDate>2006-01-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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