To improve its supply-chain capabilities, GE Aerospace announced on Tuesday that it would purchase castings manufacturer Consolidated Precision Products from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion.
According to CEO Larry Culp, “Investing in mission-critical casting capacity is necessary to support the strong simultaneous demand across commercial engines, aftermarket, and defense.”
GE Aerospace’s adjusted profit per share and free cash flow are anticipated to increase in the first year of the agreement, which is expected to finalize in the second half of 2027.
