GE Aerospace announced it has entered into a definitive agreement to acquire Consolidated Precision Products (CPP), a leading manufacturer of highly engineered castings for the aerospace and defense sectors. The all-cash transaction aims to expand GE's mission-critical manufacturing capacity to support strong demand across its commercial engines, aftermarket, and defense businesses.
Key Details
- Purchase Price: $11.75 billion in cash, subject to closing adjustments.
- Expected Closing: The transaction is anticipated to close in the second half of 2027, pending regulatory approvals and other customary conditions.
- Financial Impact: The acquisition is expected to be accretive to GE's adjusted EPS and free cash flow in the first year of closing.