General Electric (GE +0.8%) is on the brink of buying Italian aerospace group Avio SpA for...

|About: General Electric Company (GE)|By:, SA News Editor

General Electric (GE +0.8%) is on the brink of buying Italian aerospace group Avio SpA for nearly €3B ($4B). A deal is expected to be announced as early as Thursday, though there are still no guarantees. Avio makes components for commercial and military jet engines as well as propulsion systems for satellite launch vehicles, and with two-thirds of it's aviation business with GE already, the U.S. industrial conglomerate is the clear front-runner to buy the company.