GE Aerospace (GE) Stock: Cramer Says $12 Billion Deal Will Send It Higher
TLDR
- GE Aerospace is acquiring Consolidated Precision Products (CPP) for $11.75 billion from private equity firms Warburg and Berkshire Partners.
- CPP makes complex metal castings used in jet engines and has supplied GE for over 15 years, providing roughly 25% of its blades and vanes.
- Jim Cramer called the deal a defense-driven win, saying it will “send this stock up.”
- GE’s Defense and Propulsion Technologies segment grew revenue 16% to $3.4 billion in Q2 2026, with a $210 billion total backlog.
- Bernstein reiterated an Outperform rating with a $421 price target; Jefferies kept a Buy rating with a $455 target.
GE Aerospace (GE) announced the acquisition of Consolidated Precision Products for $11.75 billion, a deal that brings a key parts supplier in-house and doubles down on the company’s defense push.
GE stock closed at $334.91 the day of the announcement, up 21.94% over the past year. The stock had pulled back 9.5% over the prior month, giving the deal news a lower base to react from.
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