Internal delamination damage in composite connection structures can occur in the process of the overloading of a high-speed bearing, with alternating force loads, high or low temperatures, and the humid or hot environment loads. Mechanical drilling and riveting are usually used at the delamination position and outside its envelope, to inhibit delamination expansion. However, delamination damage can change the structural stress state of the original structure. It is difficult to achieve a better inhibition effect using conventional drilling mechanisms and process methods with intact composite panels, and new damage forms can even be introduced into the drilling process due to unreasonable parameter settings. Therefore, this paper combined finite element simulation technology and experimental processing technology, to analyze the influence of different delamination dimensions and positions on processing quality. The results showed that the feed speed and rotating speed had significant effects on the axial force of composite laminates. In particular, in the case of a low speed and high feed, the axial force will increase significantly.