GE Aerospace To Buy Key Industry Castings Supplier CPP For Nearly $12 Billion

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SectionsMy IBDMy ProductsRecently SearchedNewsLicensingHARRISON MILLERUpdated 04:14 PM ET 09/08/2026GE Aerospace (GE) announced a deal worth nearly $12 billion to acquire long-term supplier Consolidated Precision Products. Shares of GE Aerospace eased Tuesday, while CPP rival Howmet Aerospace (HWM) retreated. A GE Aerospace supplier for 15 years, CPP makes engineered castings, alloys, metals and other aerospace components. The deal is designed to help GE bolster its castings manufacturing capacity. In…Copyright ©2026 Investor's Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8INVESTING RESOURCESTake a Trial TodayGet instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!IBD VideosGet market updates, educational videos, webinars, and stock analysis.Get StartedLearn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.