GE Aerospace Reports Third Quarter 2026 Results and Agrees to Acquire CPP
GE Aerospace Reports Third Quarter 2026 Results and Agrees to Acquire CPP
GE Aerospace reported third-quarter 2026 orders of $19.0 billion (+49%) and GAAP revenue of $14.1 billion (+16%), and raised its full-year 2026 guidance across the board. The company said it signed an agreement to acquire Consolidated Precision Products (CPP) to expand mission-critical castings capacity for commercial engines, aftermarket and defense. Commercial Engines & Services now expects 2026 revenue growth in the low 20s percent and operating profit of $10.5-$10.6 billion.
Expanded castings capacity through the CPP acquisition, alongside higher priority-supplier material input, signals tighter aerospace castings and materials supply chains for engine makers and aftermarket customers.
Key facts
| Companies | GE Aerospace, Consolidated Precision Products, IndiGo, Turkish Airlines, Kratos, NASA, BETA Technologies, Boeing, U.S. Navy, U.S. Air Force |
|---|---|
| Capacity | Mission-critical castings capacity expansion for aerospace industry (via CPP acquisition); commitments for more than 1,800 engines at Farnborough; over 1,000 LEAP-1A engines for IndiGo; more than 300 LEAP-1B engines for Turkish Airlines |
| Investment | Over $3 billion annual R&D; contract worth up to $2.9B for F414 support |
| Location | Cincinnati |
| Timing | October 20, 2026, third quarter ending September 30, 2026, 2027 commercial services outlook, 2026 full-year guidance, October 2026 Turkish Airlines agreement |
| Partners | IndiGo, Turkish Airlines, Consolidated Precision Products, Kratos, U.S. Navy, NASA, BETA Technologies, Boeing |
| End uses | commercial engines, aftermarket, defense, aerospace, commercial aviation, U.S. Navy F/A-18 and EA-18G fleets |
| Chemicals | Nickel-based superalloys, Titanium alloys |
Market context
Investment castings are precision-cast metal parts, typically nickel-based superalloys and titanium alloys, used in hot sections of jet engines, turbine blades, vanes, and structural airframe components where high temperature strength and fatigue resistance are essential. Demand for these castings is driven mainly by commercial aviation, including new engine production and the aftermarket that services engines already in service, along with defense platforms. Because castings require specialized foundry capacity, tooling, and certified metallurgy, capacity additions are slow to bring online, so supply tends to stay tight when air travel recovers quickly. Aerospace foundries and alloy suppliers therefore face strong competition for skilled labor, furnace time, and raw materials such as nickel, cobalt, and titanium sponge. Buyers without long-term supply agreements often see longer lead times and firmer pricing, while vertically integrated engine makers gain leverage by securing their own casting sources.
Source: official release on geaerospace.com. Summary and context written by Market Krystal.
About GE Aerospace
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