The Boeing Company is the largest player in the aerospace and defense industry, with a market capitalization of $97 billion. It competes with companies in both the commercial aerospace market, and defense industry. Its closest competitor is European Aeronautic Defence and Space Company. In the defense segment, the company’s biggest competitors are Lockheed Martin and General Dynamics. Boeing is currently trading at a price-to-earnings multiple of 24 and its one-year forward P/E multiple is 19.6, higher than EADS’ forward multiple of 18.2. At the same time, Boeing’s sales grew 7.8% last year while EADS was up 11% over the same period.