Boeing (NYSE: BA) recently confirmed it was in discussions to make Spirit AeroSystems (NYSE: SPR) "a part of Boeing again," after selling the business back in 2005. The news is extremely important, but neither of these companies might be the primary beneficiary. Instead, investors should look to aerospace suppliers like Hexcel (NYSE: HXL) and Carpenter Technology (NYSE: CRS). Here's why.

While a deal hasn't been agreed upon at the time of writing, Boeing's management said in a press release "the reintegration of Boeing and Spirit AeroSystems' manufacturing operations would further strengthen aviation safety, improve quality and serve the interests of our customers, employees, and shareholders."

What wasn't explicitly mentioned was the critical necessity of enabling Boeing to meet its delivery targets, notably on the 737 MAX program. As previously discussed, Boeing's medium-term plan is to hit 400 to 450 deliveries of the 737 in 2023 and then hike its monthly production rate on the 737 to 50 a month (implying an annual rate of 600) in the 2025/2026 time frame.

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Source Fool.com