GE to buy Avio's aviation business for $4.3 bln

Dec 21 (Reuters) - General Electric Co said it would buy the aviation business of Avio S.p.A., an Italy-based maker of aviation propulsion components and systems for civil and military aircraft, for $4.3 billion.

Avio will strengthen GE's global supply chain capabilities as its engine production rates continue to rise to meet growing customer demand, GE said.