GE Aerospace said it will acquire Consolidated Precision Products (CPP), a castings sub-assemblies manufacturer, as it seeks to accelerate production and meet demand from commercial and defense customers.
CPP, headquartered in Cleveland, Ohio and founded in 1991, is one of the world's largest producers of investment and precision sand castings, producing super alloy, titanium, aluminum, magnesium and steel castings for a variety of commercial and military aircraft, weapon systems, commercial and regional/business jets, helicopters and industrial gas turbines.
CPP has approximately 6,600 employees across more than 20 facilities. GE Aerospace has been a CPP customer for more than 15 years.
“Investing in mission-critical casting capacity is needed to support the strong simultaneous demand across commercial engines, aftermarket and defense. By combining GE Aerospace’s technology capabilities and FLIGHT DECK with CPP’s manufacturing experience, we expect to expand capacity, improve performance and accelerate new engine technologies for the current fleet and next-generation platforms," said GE Aerospace CEO H. Lawrence Culp, Jr. in a statement. “We will leverage FLIGHT DECK to drive process and quality improvements, supporting higher output, and integrate design and manufacturing to bring engine technologies to market faster for our customers. These improvements also will ensure manufacturing readiness to deploy enhanced airfoil technology for a more reliable ramp.”
GE Aerospace said the purchase price of $11.75 billion to be financed with $7 billion in cash, with the remainder in new debt. The transaction is expected to close in the second half of 2027 and will be subject to regulatory approvals and other customary closing conditions.
