GE Aerospace (GE) announced a deal worth nearly $12 billion to acquire long-term supplier Consolidated Precision Products. Shares of GE Aerospace eased Tuesday, while CPP rival Howmet Aerospace (HWM) retreated. A GE Aerospace supplier for 15 years, CPP makes engineered castings, alloys, metals and other aerospace components. The deal is designed to help GE bolster its castings manufacturing capacity. In…
GE Aerospace To Buy Key Industry Castings Supplier CPP For Nearly $12 Billion
GE Aerospace announces deal to purchase CPP for nearly $12 billion in an effort to bolster castings production, supply chain. GE stock rises.
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