POWERGRID Awards 6,000 MW HVDC Project To GE Vernova T&D India For Renewable Power Transmission

GE Vernova Hitachi is advancing the deployment of small modular reactors (SMRs), with the first land-based SMR outside China being installed in Ontario, Canada. The company has secured orders for its BWRX-300 SMR, based on proven boiling water reactor technology. GE Vernova Hitachi's Chief Commercial Officer discussed the company's SMR strategy at the World Nuclear Association's annual symposium.

GE Aerospace plans to acquire Consolidated Precision Products for $11.75B, aiming to integrate its production facilities and reduce reliance on third-party suppliers. The deal is expected to close in 2027. Howmet Aerospace shares dropped 10% post-announcement, but industry fundamentals suggest strong demand for casting capacity. Howmet maintains high profit margins and financial strength, with analysts seeing 35% upside potential.

Amaco Energy Group and GE Vernova plan a $1.5B off-grid AI data center in Mombasa, Kenya. The project, called HERCULES, will use GE Vernova's gas turbines and aims to establish Mombasa as a regional AI hub. It will operate independently of Kenya's national grid and could supply surplus power to the local grid. Construction is expected to take 28 months if approved.

GE Aerospace agreed to acquire Consolidated Precision Products (CPP) for $12 billion. CPP, a castings supplier, generates $2 billion in revenue, with 60% from commercial aerospace. GE aims to expand production capacity amid a $210 billion backlog and supply-chain delays. The deal is expected to close in late 2025.

Samsung Electronics and ASML will expand their semiconductor manufacturing partnership, with Samsung planning to use ASML's High NA EUV lithography by 2028. GE Aerospace agreed to acquire Consolidated Precision Products for $11.75B. Truelink Capital acquired JT Thorpe Group. Franklin Electric completed its $350M acquisition of Cat Pumps. Lefort acquired Aljon.

Aerospace M&A activity is accelerating due to clearer production schedules from Boeing and Airbus, with 154 deals totaling $14B through August, nearing the 2019 record. GE Aerospace acquired Consolidated Precision Products for $12B, and Parker Hannifin agreed to buy Circor’s aerospace division for $2.6B. Boeing's deliveries are stabilizing, while Airbus aims to exceed pre-pandemic records.