GE to acquire CPP for $11.75B, boosting aerospace casting capacity and earnings potential

General Electric (GE) announced it will acquire Consolidated Precision Products (CPP) for $11.75 billion to enhance its aerospace casting production. This strategic move aims to strengthen GE's manufacturing capabilities and accelerate engine technology development. The acquisition is expected to increase GE's adjusted earnings per share and free cash flow in its first year, supporting growth across commercial, aftermarket, and defense sectors. Jefferies reaffirmed a 'Buy' rating on GE, reflecting confidence in the company's growth prospects following this deal.