GE Aerospace has agreed to acquire Consolidated Precision Products from Warburg and Berkshire Partners for $11.75 billion, bringing a long-standing supplier of critical jet-engine castings under its ownership. CPP employs about 6,600 people across more than 20 manufacturing sites and supplies roughly 25% of GE’s blade and vane requirements for platforms including LEAP, GEnx, T700, F110 and F404. The deal values CPP at 18 times projected 2027 EBITDA after synergies, or 26 times independently. GE’s Defense and Propulsion Technologies division grew second-quarter 2026 revenue 16% to $3.443 billion, while total backlog exceeded $210 billion. Bernstein maintained an Outperform rating with a $421 price target, and Jefferies kept its Buy rating with a $455 target. Earlier coverage rounded the transaction value to $12 billion. Howmet Aerospace CEO John Plant said his company remained comfortable with the acquisition even after Howmet shares fell 10%, while noting that expanding capacity to meet aerospace and data-center turbine demand is testing the company.