GE Aerospace has agreed to acquire Consolidated Precision Products (CPP), one of its own castings suppliers, for $11.75 billion, taking direct ownership of a component category that has constrained engine output across the industry.
The company announced the signed agreement on September 8, 2026. It is purchasing CPP from private investment firms Warburg Pincus and Berkshire Partners and expects the transaction to close in the second half of 2027, subject to regulatory approvals and other customary closing conditions. GE Aerospace said that it will fund the purchase with $7 billion in cash and the remainder in new debt, with no change to its capital allocation plans.
Founded in 1991, Cleveland, Ohio-based CPP specializes in producing investment and precision facility castings in superalloy, titanium, aluminum, magnesium and steel for commercial and military aircraft, weapon systems, helicopters, missiles and industrial gas turbines. The company employs roughly 6,600 people across more than 20 facilities, and GE Aerospace has been a customer for over 15 years.
In an investor presentation filed with the Securities and Exchange Commission (SEC), GE Aerospace noted that CPP supplies castings for the LEAP, GEnx, T700, F110 and F404 engines, and projected that its own airfoil demand, measured in number of parts, would grow by more than 30% between 2026 and 2030 across commercial engines, aftermarket and defense.
GE Aerospace valued CPP at approximately 18 times 2027 EBITDA, including expected net synergies of about $200 million, or approximately 26 times without them. Applied to the purchase price, those multiples imply CPP earnings before interest, taxes, depreciation and amortization of roughly $450 million in 2027 before synergies, against the approximately $2 billion of 2027 revenue that the presentation attributes to the company.
The purchase follows a comparable move in Europe, where Airbus and Safran agreed on June 25, 2026, to buy Tikehau Capital out of Aubert and Duval, leaving the two groups in full control of a French metals and superalloys producer neither could easily replace.
