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GE Aerospace buys Consolidated Precision Products for $12 billion

GE Aerospace moved to contain shortages of precision jet-engine parts and secure related technology via a $12 billion purchase of Consolidated Precision Products.

GE

GE Aerospace NYSE:GE has moved to address shortages of precision jet engine parts and secure technology by breaking into the inner circle of castings manufacturers with a $12 billion purchase of Consolidated Precision Products.