GE Aerospace will acquire Consolidated Precision Products for $11.75 billion in a deal aimed at expanding capacity for critical castings used in commercial engines, the aftermarket and defence. The transaction brings one of the aerospace sector’s key supply-chain suppliers under GE’s control, with the castings maker headquartered in Cleveland and long linked to the company’s engine programmes.
The purchase from Warburg Pincus and Berkshire Partners will be financed with $7 billion in cash and the balance in new debt. GE expects the deal to be accretive to adjusted earnings per share and free cash flow in the first year, excluding one-time costs and deal-related amortisation.
CPP supplies castings and sub-assemblies for commercial aerospace and defence markets and has worked with GE for more than 15 years. GE described the move as a vertical integration step in a constrained part of the supply chain, where complex castings can limit engine output and aftermarket support. The transaction is expected to close in the second half of 2027, subject to regulatory approval and other customary conditions.