Honeywell Aero CEO calls planned GE Aerospace-CPP deal "positive" for industry

Sept. 15 (Reuters) - Honeywell Aerospace’s CEO on Tuesday called GE Aerospace’s planned $12 billion acquisition of a castings giant “positive for the industry overall” and sees more opportunities to bring outsourced capabilities back in-house.

Aerospace companies are acquiring smaller manufacturers of in-demand parts, or trying to take such production capabilities in-house, as the industry’s supply chain struggles to meet strong demand by planemakers to increase jet output.