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Canadian (TSX) Aerospace & Defense Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies6
  • 7D-4.3%
  • 3M7.7%
  • 1Y21.8%
  • YTD1.5%

Over the last 7 days, the Aerospace & Defense industry has dropped 4.3%, driven by CAE declining 6.6%. In the past year, the industry has gained 22%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Canadian Aerospace & Defense Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026CA$19.1bCA$7.5bCA$491.0m32.2x38.8x2.5x
Tue, 10 Feb 2026CA$19.6bCA$7.3bCA$550.3m32.1x35.6x2.7x
Thu, 08 Jan 2026CA$19.4bCA$7.3bCA$550.3m31.3x35.2x2.6x
Sat, 06 Dec 2025CA$16.9bCA$7.3bCA$550.4m27.9x30.6x2.3x
Mon, 03 Nov 2025CA$17.6bCA$7.1bCA$532.3m30.1x33.1x2.5x
Wed, 01 Oct 2025CA$18.9bCA$7.1bCA$533.4m31.9x35.4x2.7x
Fri, 29 Aug 2025CA$18.8bCA$7.1bCA$533.4m28.8x35.2x2.6x
Sun, 27 Jul 2025CA$18.9bCA$6.9bCA$509.2m31.1x37x2.7x
Tue, 24 Jun 2025CA$16.7bCA$6.9bCA$509.2m28.5x32.8x2.4x
Thu, 22 May 2025CA$15.8bCA$6.9bCA$509.6m27.1x31x2.3x
Sat, 19 Apr 2025CA$14.2bCA$6.6b-CA$155,116,347.0029.3x-91.7x2.2x
Mon, 17 Mar 2025CA$15.3bCA$6.6b-CA$154,582,760.0030.1x-99.1x2.3x
Wed, 12 Feb 2025CA$15.8bCA$7.0b-CA$238,270,923.0028.2x-66.1x2.2x
Fri, 10 Jan 2025CA$16.1bCA$7.0b-CA$238,270,923.0031x-67.6x2.3x
Sun, 08 Dec 2024CA$15.9bCA$7.0b-CA$238,353,204.0032.2x-66.8x2.3x
Tue, 05 Nov 2024CA$12.6bCA$6.8b-CA$248,773,895.0033.7x-50.8x1.9x
Thu, 03 Oct 2024CA$12.0bCA$6.8b-CA$249,720,880.0031.2x-47.9x1.8x
Sat, 31 Aug 2024CA$11.4bCA$6.8b-CA$257,655,032.0031.5x-44.1x1.7x
Mon, 29 Jul 2024CA$11.2bCA$6.6b-CA$278,245,632.0034.1x-40.1x1.7x
Wed, 26 Jun 2024CA$11.4bCA$6.6b-CA$278,245,632.0031.2x-40.8x1.7x
Fri, 24 May 2024CA$11.2bCA$6.9bCA$311.5m30.7x35.8x1.6x
Sun, 21 Apr 2024CA$11.2bCA$6.9bCA$296.3m32.6x37.9x1.6x
Tue, 19 Mar 2024CA$11.7bCA$6.9bCA$283.9m32.8x41.1x1.7x
Thu, 15 Feb 2024CA$12.0bCA$6.7bCA$281.1m27.1x42.6x1.8x
Sat, 13 Jan 2024CA$11.5bCA$6.7bCA$273.9m29.9x42.1x1.7x
Mon, 11 Dec 2023CA$11.5bCA$6.7bCA$273.9m31.2x42.1x1.7x
Wed, 08 Nov 2023CA$12.1bCA$6.5bCA$230.0m29.1x52.4x1.8x
Fri, 06 Oct 2023CA$12.9bCA$6.5bCA$202.3m31.7x63.7x2x
Sun, 03 Sep 2023CA$13.2bCA$6.5bCA$202.6m32.2x65.3x2x
Tue, 01 Aug 2023CA$12.1bCA$6.3bCA$125.8m38.6x96.2x1.9x
Thu, 29 Jun 2023CA$11.6bCA$6.3bCA$125.6m37.7x92.3x1.8x
Sat, 27 May 2023CA$12.0bCA$6.0bCA$81.9m34.3x146.5x2x
Mon, 24 Apr 2023CA$12.1bCA$5.9bCA$68.7m30.6x175.7x2x
Wed, 22 Mar 2023CA$11.4bCA$5.8bCA$88.4m48.8x128.8x2x
Price to Earnings Ratio

128.8x


Total Market Cap: CA$11.4bTotal Earnings: CA$88.4mTotal Revenue: CA$5.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Aerospace & Defense Industry Price to Earnings3Y Average 19.4x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Aerospace & Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.8x which is higher than its 3-year average PE of 19.4x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 77% per year over the last three years.
  • Revenues for these companies have grown 9.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Industrials industry?

CA Market-1.70%
Industrials-3.33%
Aerospace & Defense-4.29%
Aerospace and Defense-4.29%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MDA MDA SpaceCA$41.312.2%
+CA$114.4m		47.9%PE48.2x
MAXQ Maritime Launch ServicesCA$0.458.5%
+CA$26.4m		1,012.5%PE-31.9x
DFSC DEFSEC TechnologiesCA$3.301.5%
+CA$99.7k		-69.2%PS1.2x

Latest News

MDA
CA$41.31
MDA Space
7D
2.2%
1Y
47.9%
MAL
CA$23.04
Magellan Aerospace
7D
-6.3%
1Y
115.3%
CAE
CA$37.60
CAE
7D
-6.6%
1Y
7.6%

CAE: Defense Industrial Strategy Could Reshape Simulation And Training Upside

The analyst price target for CAE has been nudged higher, from CA$46.54 to CA$47.00, as analysts factor in recent research pointing to its role as a pure-play simulation and training provider and a multi year opportunity tied to Canada's new Defense Industrial Strategy, alongside mixed but generally supportive target revisions across the Street. Analyst Commentary Recent Street research on CAE shows a mix of optimism around its pure-play positioning in simulation and training, balanced against questions about execution and portfolio changes.
BBD.B
CA$243.20
Bombardier
7D
-1.1%
1Y
200.1%

BBD.B: Future Returns Will Depend On Execution As Ratings Stay More Cautious

Analysts have nudged their Bombardier price targets higher, with TD Securities lifting its view to CA$280 alongside target increases from UBS and BMO Capital, even as several firms have recently shifted to more neutral ratings. Analyst Commentary Recent research on Bombardier shows a split view, with some price targets moving higher while several firms adopt more neutral or cautious ratings.
XTRA
CA$0.46
Xtract One Technologies
7D
-10.8%
1Y
8.3%
MAXQ
CA$0.45
Maritime Launch Services
7D
8.5%
1Y
1,012.5%
DPRO
CA$8.70
Draganfly
7D
-3.2%
1Y
133.9%
DFSC
CA$3.30
DEFSEC Technologies
7D
1.5%
1Y
-69.2%