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Both companies compete for large U.S. and allied defense and space contracts. Boeing’s defense business and Lockheed Martin both sell military aircraft, missile, space, and mission systems to the same government buyers.
As of May 19, 2026
For informational purposes only.
Today Boeing’s stock slid again, closing around $215, down about 2.5%, and now sitting near the low end of its recent range. Trading volume was lighter than usual, so this looked more like a steady leak than a full-on rush for the exits — but the pressure is clearly on the sellers’ side after roughly a 9% drop over the past week.
Two things stood out in the news flow:
A harsh take on Boeing’s “real” earnings.
A research firm’s work led to Boeing being dropped from a “core earnings leaders” index. Their argument: Boeing’s 2025 “core” earnings were about –$2.6 billion, while the official profit number (the one you see in headlines) was +$1.9 billion, boosted by items that don’t come from the day‑to‑day business.
In plain English: the critique says Boeing looks profitable on paper, but if you strip out one‑time boosts and accounting noise, the underlying business is still losing money. They also called out a weak return on invested capital and said the stock price assumes more than 100 years of strong growth, which they see as unrealistic.