Production ramp-ups amid a transition into new products, particularly the CFM Leap single-aisle engine series and GE90 successor for Boeing's proposed 777X, are behind the late 2012 surge of acquisitions and joint ventures by GE Aviation, including the $4.3 billion purchase of Italian gearbox, turbine and transmission specialist Avio. The moves in the closing months of 2012 are all part of a “make versus buy” mergers and acquisitions (M&A) strategy for pushing production rates from ...

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