GE Aerospace Secures $11.75 Billion Deal to Acquire Jet Engine Castings Maker CPP

Aviation giant GE Aerospace announced a definitive agreement to acquire Consolidated Precision Products (CPP) from private investment firms Warburg Pincus and Berkshire Partners in a transaction valued at $11.75 billion. The acquisition represents GE Aerospace's largest strategic transaction since becoming an independent publicly traded company in 2024.

Headquartered in Cleveland, Ohio, CPP is a leading global manufacturer of highly engineered precision sand and investment castings made from superalloys, titanium, aluminum, and steel. These critical metallic components form the structural foundation of jet engines, military aircraft, weapon systems, and industrial turbines. GE Aerospace plans to finance the purchase using $7 billion in cash on hand, with the remainder structured through new debt financing. The transaction is projected to close in the second half of 2027, subject to regulatory approvals.

Precision castings have been a major operational bottleneck across the aerospace industry, where supply chain disruptions and surging passenger travel demand have constrained engine deliveries for commercial aircraft manufacturers like Boeing and Airbus. By bringing CPP’s 20-plus manufacturing facilities and 6,600 specialized workers under direct ownership, GE Aerospace aims to stabilize supply chains, increase production throughput, and accelerate advanced turbine technology developments for both commercial fleets and military platforms.