Precision Castparts Corp. (NYSE:PCP) agreed to acquire Primus International for $900 million in cash. Primus is a leading supplier of complex components and assemblies to the global aerospace industry, including swaged rods, advanced composites, and machined aluminum and titanium components.Mark Donegan, chairman and chief executive officer of Precision Castparts Corp. said, "The acquisition of Primus clearly demonstrates our focused pursuit of component manufacturing businesses that align with our core competencies. Primus has assembled a group of world-class manufacturing assets, both through acquisition and greenfield construction. For example, University Swaging is the industry’s most technologically advanced manufacturer of swaged rods and flight control assemblies. In addition, Primus operates four advanced machining and assembly facilities — Accra, Auburn, Suzhou and Walden's -- and has just completed construction of a state-of-the-art machining and composites facility in Thailand."Precision Castparts has a potential upside of 6.8% based on a current price of $162.79 and an average consensus analyst price target of $173.89.