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Barchart
Barchart
Ebube Jones

GE Is Buying Consolidated Precision Products in a Nearly $12 Billion Deal. How Investors Should View the Acquisition.

GE Aerospace GE GAAP Jefferies US Navy

Aerospace and defense companies are still having trouble getting key parts, which is forcing airlines and armed forces to keep older aircraft and vessels in service longer. That is creating more demand for profitable maintenance, repair, and overhaul work.

GE Aerospace (GE) is already benefiting from this trend, recently winning a U.S. Navy logistics contract worth up to $2.87 billion to support 17 F414 engine components through August 2031.

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