• GE Aerospace buys Consolidated Precision Products for $12 billion.
• Deal aims to secure jet engine parts supply and valuable technology.
• CPP is the world's third-largest maker of metallic components for engine turbine blades.
• GE's competitors are also addressing casting and forging shortages.

This acquisition may indicate GE Aerospace's efforts to strengthen its supply chain and secure critical technology, which could provide a competitive advantage in the aerospace industry. The deal suggests a shift in focus from winning new orders to production strategy, which may be a response to the industry's challenges in delivering on order books.