What Happened
Aerospace Giant Expands With Largest Acquisition Since 2024
GE Aerospace stock gained on news of an $11.75 billion deal to acquire Consolidated Precision Products, the company’s largest acquisition since becoming a standalone entity in 2024. The deal is expected to be 1.5% accretive to the company’s 2028 EPS forecast, according to Jefferies, which raised its target to $455. GE Aerospace plans to fund $7 billion of the purchase with cash and the rest with new debt. The acquisition adds a fresh catalyst to the company’s stock, which remains below its 52-week high. This development was reported by various sources, including Reuters and MarketBeat.