Document:

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                                                                   EXHIBIT 10.16

                               AMENDMENT NO. 1 TO
                              EMPLOYMENT AGREEMENT

      This Amendment No. 1 (the "Amendment") to the Employment Agreement (the
"AGREEMENT"), dated as of July 10, 2000, entered between John G. Raos, residing
at 16 Castle Hill Way, Stuart, Florida 34996 ("Executive"), and PRECISION
Partners, Inc., a Delaware corporation (the "Company"), is entered into as of
December 8, 2000. Capitalized terms used but not defined herein will have the
meanings assigned to them in the Agreement.

                                    RECITALS

      A.    The Executive is currently the President and Chief Executive Officer
of the Company and Precision Partners Holding Company, a Delaware corporation
("PPHC", and together with the Company collectively, "Precision"), and a member
of the Board of Directors of Precision.

      B.    Each of Executive and Precision desires to amend the Agreement
as follows.

      Accordingly, the parties hereby agree as follows:

      Section 1.  AMENDMENTS. The Agreement is hereby amended as set forth
below:

            (a)   The last sentence in Section 1.1(c) is deleted in its entirety
and replaced with the following:

            From July 10, 2000 until December 31, 2000, the Company will
            pay (within a reasonable period of time after receipt of
            reasonably detailed invoices in respect thereof) one-half of
            the actual costs up to a maximum of $25,000 of maintaining and
            operating an office for Executive in Florida, and thereafter
            from January 1, 2001 through the Termination Date, the Company
            will pay (within a reasonable period of time after receipt of
            reasonably detailed invoices in respect thereof) 100% of the
            actual costs up to an aggregate annual maximum of $15,000 of
            maintaining and operating an office for Executive in Florida
            so long as the Company is in compliance with all of its
            financial covenants for such period as such covenants are set
            forth in each of the (i) Credit Agreement, dated as of March
            19, 1999, as amended, among the Company, PPHC, Mid State
            Machine Products, Galaxy Industries Corporation, Certified
            Fabricators, Inc., General Automation, Inc., Gillette Machine
            & Tool Co., Inc. and Nationwide Precision Products Corp., the
            several banks and other financial institutions or entities
            from time to time parties to this Credit Agreement, Citicorp
            U.S.A., Inc., as administrative agent, Bank of America, N.A.,
            as syndication agent, and Suntrust Bank, Atlanta, as
            documentation agent (the "Credit Agreement"), (ii) Loan,
            Security and Guaranty Agreement, dated as of December 8, 2000,
            by and among Galaxy Industries Corporation, Mid State Machine
            Products, Nationwide

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            Precision Products Corp., General Automation, Inc., General Electric
            Capital Corporation, for itself and as agent for certain
            participants, and the Company, (the "Loan, Security And Guaranty
            Agreement"), and (iii) Amended and Restated Master Lease Agreement,
            dated as of December 8, 2000, by and among General Electric Capital
            Corporation, for itself and as agent for certain participants, as
            lessor, and Galaxy Industries Corporation, Mid State Machine
            Products, Nationwide Precision Products Corp. and General
            Automation, Inc. as lessees, (the "Amended And Restated Master Lease
            Agreement").

            (b)   The first sentence in Section 1.3 is deleted in its entirety
and replaced with the following:

            During the Employment Term, the Company will pay to Executive an
            aggregate annual salary of $250,000 (as adjusted, "Salary") which
            will be subject to annual review commencing January 1, 2001;
            PROVIDED, HOWEVER; that the Company will increase Executive's Salary
            by $25,000 if the Company is in compliance with all of its financial
            covenants from December 8, 2000 through the fiscal quarter ending
            June 30, 2001, as such covenants are set forth in each of the (i)
            Credit Agreement, (ii) Loan, Security and Guaranty Agreement, and
            (iii) Amended and Restated Master Lease Agreement.

            (c)   The exercise price of "$0.7470" set forth in the last sentence
of Section 1.5(a)(ii) is deleted and replaced with the exercise price of
"$0.3735".

            (d)   The first sentence of Section 1.5(b) is deleted in its
entirety and replaced with the following:

            Prior to or upon the closing of the transactions contemplated
            by each of the (i) Waiver and Amendment No. 3, dated as of
            December 8, 2000, by and among Precision, Mid State Machine
            Products, Galaxy Industries Corporation, Certified
            Fabricators, Inc., General Automation, Inc., Nationwide
            Precision Products Corp., Gillette Machine & Tool Co., Inc.,
            the lenders listed on the signature pages thereof and Citicorp
            USA, Inc., as Administrative Agent for the lenders, (ii) Loan,
            Security and Guaranty Agreement and (iii) Amended and Restated
            Master Lease Agreement, Executive will purchase, and the
            Company will cause there to be sold to Executive, an aggregate
            of $1 million of Investment Units in LLC consisting of Class A
            Equity at a purchase price of $0.3735 per unit.

            Section 2.  EFFECTIVENESS. This Amendment will be deemed effective
as of December 8, 2000.

            Section 3.  COUNTERPARTS. This Amendment may be executed in separate
original or facsimile counterparts, each of which will be deemed to be an
original instrument and all of which taken together will constitute a single
instrument.

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      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as of the date first above written.

                                       PRECISION PARTNERS, INC.

                                       By /s/ Frank R. Reilly
                                         ------------------------------------
                                          Frank R. Reilly
                                          Executive Vice President and
                                          Chief Financial Officer

                                       EXECUTIVE

                                       /s/ Jonn G. Raos
                                       ---------------------------------------
                                       John G. Raos<PAGE>
                                                                   Exhibit 10.17
                               AMENDMENT NO. 2 TO
                              EMPLOYMENT AGREEMENT

      This Amendment No. 2 (the "Amendment") to the Employment Agreement (the
"Agreement"), dated as of July 10, 2000, entered between John G. Raos, residing
at 16 Castle Hill Way, Stuart, Florida 34996 ("Executive"), and Precision
Partners, Inc., a Delaware corporation (the "Company"), is entered into as of
March 22, 2001. Capitalized terms used but not defined herein will have the
meanings assigned to them in the Agreement.

                                    RECITALS

      A.    The Executive is currently the President and Chief Executive Officer
of the Company and Precision Partners Holding Company, a Delaware corporation
("PPHC", and together with the Company collectively, "Precision"), and a member
of the Board of Directors of Precision.

      B.    Each of Executive and Precision desires to amend the Agreement as
follows.

      Accordingly, the parties hereby agree as follows:

      Section 1. AMENDMENTS. The Agreement is hereby amended as set forth below:

            (a) Section 1.5(a)(i) is amended by replacing the third sentence,
which begins on line eleven thereof, in its entirety with "The remaining 50% of
Executive's options (the "Performance-based Options") will vest on the seventh
(7th) anniversary of the Effective Date. Notwithstanding the foregoing, the
Performance-Based Options shall accelerate and become exercisable pro rata over
a four-year time period based upon Precision's meeting certain financial goals,
as determined in advance by the Company's Board in consultation with Executive,
to the extent of (i) 12.5% for the period commencing on the Effective Date
through and including December 31, 2000 upon the reasonably prompt determination
by the Company of Precision's financial performance for such period, (ii) 25%
for the period commencing on January 1, 2001 through and including December 31,
2001 upon the reasonably prompt determination by the Company of Precision's
financial performance for such period, (iii) 25% for the period commencing on
January 1, 2002 through and including December 31, 2002 upon the reasonably
prompt determination by the Company of Precision's financial performance for
such period, (iv) 25% for the period commencing on January 1, 2003 through and
including December 31, 2003 upon the reasonably prompt determination by the
Company of Precision's financial performance for such period, and (v) 12.5% for
the period commencing on January 1, 2004 through and including June 30, 2004
upon the reasonably prompt determination by the Company of Precision's financial
performance for such period. Except as set forth in the preceding sentence, such
Performance-Based Options will not be subject to accelerated vesting."

            (b) Section 1.5(a)(ii) is amended by replacing the words
"time-based" in line five thereof with the words "Time-Based Options" and by
replacing the words "performance-based" in line six thereof with
"Performance-Based Options, subject to the vesting provisions of Section
1.5(a)(i)".

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Section 2. EFFECTIVENESS. This Amendment will be deemed effective as of March
22, 2001.

Section 3. COUNTERPARTS. This Amendment may be executed in separate original or
facsimile counterparts, each of which will be deemed to be an original
instrument and all of which taken together will constitute a single instrument.

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      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as of the date first above written.

                                       PRECISION PARTNERS, INC.

                                       By /s/ Frank R. Reilly
                                         ------------------------------------
                                          Frank R. Reilly
                                          Executive Vice President and
                                          Chief Financial Officer

                                       EXECUTIVE

                                       /s/ Jonn G. Raos
                                       ---------------------------------------
                                       John G. Raos

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