Sep. 15 at 4:29 PM
$HONA CEO is at the Morgan Stanley Laguna Conference. Says the planned
$GE Aerospace-CPP deal is 'positive' for the industry.
Last week, it was announced that
$GE agreed to acquire Consolidated Precision Products for
$11.75B to secure its engine parts supply chain. CPP supplies about 25% of GE's turbine blades and parts for LEAP and GEnx engines.
Aerospace companies are acquiring smaller manufacturers of in-demand parts, or trying to bring such production capabilities in-house, as the industry’s supply chain struggles to meet strong demand from plane makers to increase commercial jet output.