CRS to Soar on Boeing Production Ramp

Carpenter Technology is a specialty materials play that stands to benefit from Boeing's production ramp-up, according to an analyst. The company supplies titanium alloys to GE Aviation, which in turn supplies engines to the aerospace giant.

The analyst notes that Carpenter's supply chain relationship with GE Aviation provides a competitive advantage, as the company can respond quickly to changes in demand. This is particularly important given Boeing's plans to increase production of its 737 MAX aircraft, which uses titanium alloys supplied by GE Aviation and Carpenter Technology.

The analyst also points out that Carpenter Technology has been investing heavily in research and development, which should help the company stay competitive in the market. However, it's worth noting that the analyst has a beneficial long position in the shares of CRS, which may be seen as a conflict of interest.

No specific price target or prediction is mentioned in the article, but the analyst suggests that Carpenter Technology stands to benefit from Boeing's production ramp-up and GE Aviation's supply chain relationship with the company.