GE Aerospace buys CPP for $11.75B in aerospace precision-casting push

GE Aerospace has finalized a $11.75 billion acquisition of Consolidated Precision Products (CPP), a global leader in precision-casting components for aerospace and defense, to bolster its supply chain and expand production capacity. The deal, announced on Tuesday, aims to address tight supply constraints in the aerospace sector, where manufacturers are grappling with high demand for commercial and military engines, as well as a surge in replacement parts and defense contracts. GE Aerospace CEO Larry Culp emphasized the strategic importance of the acquisition, stating that investments in critical casting capabilities are essential to meet growing demand across commercial aviation, defense, and aftermarket services. The acquisition will allow GE Aerospace to leverage CPP’s extensive global footprint—operating from over 20 locations and employing around 6,600 workers—while accelerating innovation in advanced engine technologies. CPP, headquartered in Cleveland, has been a long-standing supplier to GE Aerospace for over 15 years, specializing in high-precision cast components for both civilian and defense applications. The transaction is expected to close in the second half of 2027, marking GE Aerospace’s latest move to strengthen its ability to support its own engine production and meet rising industry demand amid ongoing supply-chain challenges.