EXHIBIT 16

PRECISION CASTPARTS CORP. AND WYMAN-GORDON COMPANY ANNOUNCE RECEIPT OF FTC
ACCEPTANCE OF AGREEMENT CONTAINING CONSENT ORDERS AND SET FINAL EXPIRATION DATE
OF TENDER OFFER FOR WYMAN-GORDON COMPANY COMMON STOCK

PORTLAND, Oregon and GRAFTON, Massachusetts - November 9, 1999 - Precision
Castparts Corp. (NYSE:PCP) and Wyman-Gordon Company (NYSE:WYG) today announced
that the Federal Trade Commission (FTC) has accepted for public comment the
Agreement Containing Consent Orders previously agreed to by the FTC staff. The
FTC action satisfies the final condition to the closing of the previously
announced $20.00 per share cash tender offer by Precision Castparts Corp.
subsidiary, WGC Acquisition Corp., for all outstanding shares of common stock of
Wyman-Gordon Company, other than conditions that by their terms can be satisfied
only at the closing. As a result, the expiration date of the cash tender offer
will be midnight, New York City time, on Wednesday, November 24, 1999, unless
extended.

"We are pleased with the FTC's action," said William C. McCormick, chairman and
chief executive officer of Precision Castparts Corp. "Today, we have moved one
step closer to completing this acquisition, which will significantly benefit
both our customers and our shareholders. We look forward to closing the deal in
the next two weeks."

As of November 9, 1999, approximately 27,800,000 shares of common stock of
Wyman-Gordon Company had been tendered in the tender offer. This constitutes
approximately 77.8% of Wyman-Gordon Company's outstanding shares as of the
commencement of the tender offer.

Precision Castparts Corp. is a worldwide manufacturer of complex metal
components and products. Wyman-Gordon Company is a leader in forgings,
investment castings, and composite structures.

This press release contains forward-looking statements based on current
expectations that are covered under the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. Actual results and events related to
the transaction may differ from those anticipated.

Contacts:         Dwight Weber, Precision Castparts Corp. - 503-417-4855
                  Denis Poirier, Wyman-Gordon Company - 508-839-8224