Data as of: October 3, 2026 Issued: Saturday, October 3, 2026 Evidence key: CONFIRMED (primary source), REPORTED (multiple outlets), RUMORED (unverified market reporting), ANALYTICAL (inference).
GE Aerospace agreed to acquire Consolidated Precision Products from Warburg Pincus and Berkshire Partners for $11.75 billion — $7 billion in cash plus new debt — with close expected in the second half of 2027 pending regulatory review. CPP makes the precision castings that go into turbine engines; GE is buying the bottleneck in its own supply chain.
The multiple is the signal. At roughly 26 times projected 2027 pre-tax earnings (about 18 times with expected synergies, per company materials), this is scarcity pricing for an asset whose output the buyer cannot do without. Airfoil demand is projected to rise about 30% through 2030, and the engine OEM has decided that owning the castings matters more than the price paid for them.
It fits a wider vertical-integration pattern in the week’s deal flow: Archer acquiring Boeing’s Wisk Aero, SkyGrid, and Insitu to control autonomy IP; Constellation locking fuel-to-wire nuclear supply. When the constraint is physical and the demand is contracted, the acquirer pays up and integrates.