GE Aerospace has agreed to acquire Consolidated Precision Products (CPP), one of the world's largest suppliers of precision castings used in jet-engine turbine blades and other aerospace components. Reuters reported the deal at about $12 billion, while earlier company materials valued it at $11.75 billion. CPP supplies about a quarter of GE Aerospace's casting needs and is one of four major global suppliers, making the transaction part of a broader effort to address shortages that have constrained engine production since the COVID-19 pandemic. GE Aerospace expects airfoil demand to rise more than 30% by 2030 and says closer integration of design and production should improve manufacturing readiness and shorten development cycles. The transaction is expected to close in the second half of 2027, subject to regulatory approvals, and is expected to add to adjusted earnings per share and free cash flow in its first full year, with approximately $200 million in net synergies. The deal may face antitrust scrutiny and could require facility divestitures, while competitors including Pratt & Whitney and Rolls-Royce are also expanding casting capacity.