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GE Aerospace to spend $12B on foundry
General Electric Aerospace announced its acquisition of Consolidated Precision Products for $11.75 billion to enhance its manufacturing capabilities in engine and aerospace sectors. This deal, the company's largest since its independence, is part of its effort to reduce supply chain risks and increase production in response to strong demand for aircraft and spare parts. The merger aims to expand production capacity, improve performance, and accelerate the development of new engine technologies, with a focus on the precision casting market, which plays a vital role in the jet engine industry.
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