GE Aerospace will acquire Consolidated Precision Products for $11.75 billion, taking control of a key castings supplier as it moves to ease shortages of critical engine parts and bolster output for commercial and defence programmes. The deal covers CPP’s precision and investment castings business, which supports jet engines, helicopters, weapons systems and industrial gas turbines, with closing expected in the second half of 2027.
The acquisition is GE Aerospace’s largest since it became a standalone company. Chief executive Larry Culp framed the move as a way to strengthen supply stability and support demand across commercial engines, aftermarket services and defence, while also expanding manufacturing capacity and accelerating new engine technologies, including airfoils.
GE Aerospace plans to fund $7 billion of the purchase with cash and the rest with new debt. CPP, based in Cleveland, Ohio, operates across more than 20 facilities and has long supplied the company, giving GE a tighter grip on a bottleneck that has constrained engine production across the sector.