The U.S. Army temporarily grounded its fleet of Apache helicopters on Monday after a fatal crash near Fort Hood, Texas. Two service members lost their lives in the accident.
A U.S. Army Apache attack helicopter crashed in a field near Fort Hood, Texas, killing both the pilot and co-pilot. Compared to other Army helicopters like the Blackhawk, the Apache has had a higher accident rate. @MarthaRaddatz has the latest. https://t.co/2KlgcH5gt9 pic.twitter.com/oejFYZ0Q33
— World News Tonight (@ABCWorldNews) August 13, 2026
“We mourn these aviators, and our deepest condolences remain with their families, friends, and unit during this extraordinarily difficult time,” the Army said in a statement. The grounding will stay in place until investigators have a clearer picture of what caused the crash.
Boeing stock opened at $231.50 on Monday, slipping 0.2% in early trading following the announcement. The S&P 500 futures were up 0.2% at the same time.
Boeing has manufactured the twin-engine Apache attack helicopter for over 40 years. The aircraft carries guns, missiles, and rockets, with chain guns capable of firing up to 650 rounds per minute. The U.S. military operates hundreds of them, as do many allied nations.
Boeing did not respond to a request for comment on the grounding.
The timing is not ideal, but Boeing’s defense unit has been trending in the right direction. The division posted Q2 sales of $7.5 billion, up 13% year over year. It recorded a loss of $15 million in the quarter, a sharp improvement from the $5.4 billion loss in 2024 and the $128 million loss in 2025.
Fixed-price contracts, inflation, and delivery delays have weighed on the defense unit, but the trajectory is improving.
On the commercial side, Boeing delivered 600 jets in 2025. That number is expected to rise to around 670 in 2026 and exceed 800 by 2028. Analysts project roughly $10 billion in free cash flow by 2028, compared to around $2 billion in 2026.
Boeing’s Q2 earnings missed analyst expectations on the bottom line. The company reported a loss of $0.76 per share, against a consensus estimate of -$0.34. Revenue of $24.56 billion beat estimates of $24.26 billion.
Despite the headline risk, institutional investors have been adding to positions. HBK Sorce Advisory purchased a new stake of 9,296 Boeing stock valued at roughly $2.23 million in Q2. AXA S.A. grew its stake by over 1,200% during the same period, now holding 34,655 units worth $7.26 million.
IEQ Capital more than tripled its position, while Alliancebernstein added over 53,000 units to bring its total to 1.33 million. Institutional investors collectively hold 64.82% of Boeing stock.
On the analyst front, Barclays, Wolfe Research, and Cantor Fitzgerald all downgraded Boeing on August 11. However, Sanford C. Bernstein started coverage with an “outperform” rating on the same day. William Blair also maintained its “outperform” call after the Q2 results.
The current consensus sits at “Moderate Buy” with an average price target of $272.58. Boeing’s 52-week range runs from $176.77 to $254.35, with a 200-day moving average of $222.79.
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