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GE Aerospace Acquires Consolidated Precision Products for $11.75 Billion

Steady: 0 in the last 7 days Updated oct 19

The latest in this situation

  1. Jim Cramer identified GE Aerospace as a bargain following the acquisition of CPP.
  2. GE Aerospace acquired CPP while continuing engine deliveries and testing support for Boeing.
  3. GE Aerospace plans to acquire CPP for $12B, with Musk's interest noted.
  4. GE Aerospace is seeking ways to resolve ongoing supply chain bottlenecks.

How it started

30 reports, 16 independent, last reported Oct 19. The briefing below covers this first event.

AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 16 independent outlets

GE Aerospace acquired Consolidated Precision Products for $11.75 billion. Consolidated Precision Products is a Cleveland-based maker of superalloy and titanium castings. GE Aerospace had been a customer of Consolidated Precision Products for more than 15 years, and the acquisition allows GE Aerospace to own the foundry.

From insidermonkey.com

Why it matters

Some supportBrind's analysis of the reports

The acquisition allows GE Aerospace to integrate a mission-critical supplier into its supply chain. Morningstar noted that investors are watching for GE Aerospace management to discuss the acquisition during its upcoming earnings release. The move strengthens GE Aerospace’s control over the manufacturing processes vital to its high-margin aftermarket business.

From morningstar.com, insidermonkey.com

Who's involved

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • GE AerospaceSpeculative

    GE Aerospace could achieve cost synergies by bringing precision casting capabilities in-house.

  • Berkshire PartnersSpeculative

    Berkshire Partners may generate significant liquidity from the exit of its stake in the deal.

  • Berkshire HathawaySpeculative

    Berkshire Hathaway could see a change in ownership and control of the Consolidated Precision Products asset.

How it developed

Newest first. Tap a step to see who reported it.
  1. Jim Cramer identified GE Aerospace as a bargain following the acquisition of CPP.1 source
  2. GE Aerospace acquired CPP while continuing engine deliveries and testing support for Boeing.1 source
  3. GE Aerospace plans to acquire CPP for $12B, with Musk's interest noted.1 source
  4. GE Aerospace is seeking ways to resolve ongoing supply chain bottlenecks.Sub-event
  5. GE Aerospace's acquisition of CPP raises concerns about lost merchant demand for Howmet Aerospace.1 source
  6. GE Aerospace acquires Consolidated Precision Products for $11.75bn.1 source

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The entities involved

Related events

Coverage

Newest first; wire copies grouped
7 more outlets ran the same wire story