GE Aerospace Agrees to Buy CPP for $11.75 Billion, Targets 2027 Close

Key Facts

GE Aerospace signed an agreement on September 8, 2026, to acquire Consolidated Precision Products (CPP) from Warburg Pincus and Berkshire Partners for $11.75 billion. The transaction has not closed; the company expects completion in the second half of 2027, subject to regulatory approvals and customary closing conditions.

GE Aerospace plans to fund $7 billion of the purchase price with cash and finance the remainder with new debt. The company said the transaction does not change its existing capital-allocation plans.

Cleveland, Ohio-based CPP manufactures engineered castings and sub-assemblies for commercial aerospace and defense markets. Founded in 1991, it employs approximately 6,600 people across more than 20 facilities worldwide.

CPP and GE Aerospace have had a supplier relationship for more than 15 years. CPP serves most current commercial-aircraft programs as well as defense and power applications, and it supplies GE Aerospace engine programs including LEAP, GEnx, T700, F110 and F404.

The transaction rests partly on GE Aerospace's forecast that its demand for airfoil parts will grow by more than 30% between 2026 and 2030. The company expects integrating design and manufacturing to expand capacity, improve performance and accelerate engine technologies, but those benefits remain forward-looking objectives rather than assured results.

GE Aerospace estimates CPP will generate about $2.0 billion of revenue in 2027. Its investor presentation attributes approximately 60% of revenue to commercial aerospace, 20% to defense and 20% to power and other activities, with about 70% of revenue tied to commercial and defense engines.

The purchase price represents about 18 times projected 2027 EBITDA including expected net synergies and about 26 times EBITDA without them. GE Aerospace also expects the transaction to add to adjusted earnings per share and free cash flow during the first year, excluding one-time costs and deal-related amortization.

Attention now shifts to regulatory approvals, execution of the new-debt financing and integration of CPP's operations. Investors should distinguish the signed agreement from a completed acquisition and GE Aerospace's projected financial and operational benefits from results ultimately achieved.