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GE Aerospace agrees to buy CPP for $11.75 billion to expand castings capacity
The cash deal for Consolidated Precision Products is expected to close in the second half of 2027, subject to regulatory approvals and other customary conditions.
TickerGrove Newsroom · Published · General Electric Company (GE Aerospace) Form 8-K — Items 7.01 / 8.01 / 9.01
Updated Sep. 8, 2026 at 8:43 PM ET to Presentation cleanup. Reader-facing source notes no longer use internal packet language. Facts unchanged.
Sources
Sources include GE Aerospace's Form 8-K filed September 8, 2026, accession 0000950142-26-002501, and accompanying Exhibits 99.1 and 99.2.
Facts are as of the September 8, 2026 definitive agreement announcement. Expected close is the second half of 2027 — this story is an announce of an agreement, not a completed acquisition.
Visual brief
Verified figures
Sources & evidenceGE Aerospace / Consolidated Precision Products
$11.75B cash
USD
Agreement announced September 8, 2026; subject to closing adjustments
GE Aerospace EX-99.2 press release — agreement to acquire CPP (AccNo 0000950142-26-002501)Form 8-K Item 8.01 / EX-99.2 AccNo 0000950142-26-002501GE Aerospace
$7B existing cash
USD
Financing plan disclosed September 8, 2026; remainder new debt
GE Aerospace EX-99.2 press release — agreement to acquire CPP (AccNo 0000950142-26-002501)EX-99.2 to Form 8-K AccNo 0000950142-26-002501employees
6,600
ApproximateConsolidated Precision Products
As described in September 8, 2026 company materials
GE Aerospace EX-99.2 press release — agreement to acquire CPP (AccNo 0000950142-26-002501)EX-99.2 to Form 8-K AccNo 0000950142-26-002501
GE Aerospace said September 8 that it signed an agreement to acquire Consolidated Precision Products from Warburg Pincus and Berkshire Partners for $11.75 billion in cash, subject to closing adjustments. The transaction is expected to close in the second half of 2027 and remains subject to regulatory approvals and other customary closing conditions.
A larger role in the castings supply chain
GE Aerospace framed the acquisition as an investment in mission-critical castings capacity. The company says airfoil demand is growing more than 30% across commercial engines, aftermarket and defense. CPP produces highly engineered castings, and GE Aerospace has been a customer for more than 15 years. The presentation identifies LEAP, GEnx, T700, F110 and F404 among the GE programs CPP supports.
Cleveland-based CPP was founded in 1991 and has approximately 6,600 employees across more than 20 facilities globally. GE's presentation estimates CPP's 2027 revenue at approximately $2.0 billion and describes its business mix as approximately 60% commercial aerospace, 20% defense and 20% power and other. The revenue figure is a company estimate, rather than reported results.
Cash and new debt fund the agreement
GE Aerospace plans to finance the purchase with $7 billion in existing cash and the remainder in new debt. The company said the transaction does not change its capital allocation plans.
The company values CPP at approximately 18 times 2027 EBITDA including expected net synergies, compared with approximately 26 times without them. Its presentation identifies approximately $200 million in net synergies. These are company-stated valuation and synergy assumptions.
GE Aerospace expects the transaction to be accretive to adjusted earnings per share and free cash flow in the first year, excluding one-time costs and deal-related amortization. Those expectations use the company's non-GAAP measures and do not represent realized results.
Closing remains ahead
The September 8 announcement concerns entry into an acquisition agreement; the acquisition has not closed. Regulatory approvals and other customary closing conditions remain prerequisites to the company's expected second-half 2027 completion window.
Closing certainty, final adjusted purchase price, and realized synergy timing remain open
The filing discloses an agreement and company expectations. It does not prove regulatory clearance, final closing adjustments, or that company-stated synergies and accretion will be realized.
Document trail
Sources & evidence
Primary documents used for this piece.
GE Aerospace EX-99.2 press release — agreement to acquire CPP (AccNo 0000950142-26-002501)
GE Aerospace EX-99.1 investor presentation — CPP acquisition (AccNo 0000950142-26-002501)
General Electric Company (GE Aerospace) Form 8-K AccNo 0000950142-26-002501 — Items 7.01 / 8.01 / 9.01
GE Aerospace Form 8-K body (eh260827362_8k.htm)
Corrections
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