GE Aerospace to buy castings supplier for nearly $12 billion to tackle engine bottleneck

GE Aerospace will acquire Consolidated Precision Products for $11.75 billion to bring key casting production in-house and address supply constraints amid rising demand for engine parts. The deal aims to increase casting output capacity to meet strong commercial, defense, and aftermarket engine demands and shorten the production of new engine technologies.

This Wire brief sits within Fusion42's coverage of Industrial, and 3 sources have reported it.