In this paper, the stability of a flexible missle, idealized as a free-free beam, is evaluated by using the finite element method. For the study, heavy machinery part is modeled as a concentrated mass and the thrust, which is controlled by a feedback sensor located at a predetermined position, is considered as a constant follower force. The aerodynamic forces, the structural damping, the cross sectional variation servo lag effect are neglected in this study. With unconstrained variational principle, the finite element method is applied to the nondimensionalized beam eqution. The matrix eigenvalue equation is obtained and the eigenvalues are calculated by a computer for the stability analysis. The stability is evaluated by the inspection of the eigenvalues are calculated by a computer for the stabilith analysis. The stabilith is evaluated by the inspection of the eigenvalues of the problem. For the study, the behaviors of the eigenvalues at various thrusts and the effects of the magnitudes and positions of the concentrated mass and directional control constant are analyzed.