GE Aerospace has agreed to acquire Consolidated Precision Products for $11.75 billion in a move that brings a key jet-engine castings supplier in-house and tightens control over a critical bottleneck in airfoil production. The deal, announced on 8 September, is aimed at boosting capacity for commercial engines, aftermarket demand and defence programmes, with closing targeted for the second half of 2027.
CPP, based in Cleveland, Ohio, has supplied GE Aerospace for more than 15 years and operates more than 20 facilities in the US and abroad. The business makes precision castings used in hot-section engine parts as well as components for military aircraft, helicopters, weapon systems and industrial gas turbines. GE Aerospace, based in Evendale, Ohio, is buying the company from Warburg Pincus and Berkshire Partners.
The transaction is expected to give GE Aerospace greater supply-chain stability as demand stays strong across its core markets. The company plans to finance $7 billion of the purchase with cash and fund the rest with new debt. It expects the acquisition to add to adjusted earnings per share and free cash flow in the first year after completion, subject to regulatory approvals and other customary closing conditions.