Canadian (TSX) Aerospace & Defense Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 16 Jun 2026	CA$21.9b	CA$7.8b	CA$345.9m	40.8x	63.2x	2.8x
Thu, 14 May 2026	CA$21.4b	CA$7.7b	CA$410.9m	31.3x	52.1x	2.8x
Sat, 11 Apr 2026	CA$20.4b	CA$7.6b	CA$432.9m	37x	47.2x	2.7x
Mon, 09 Mar 2026	CA$19.9b	CA$7.5b	CA$491.0m	34.4x	40.6x	2.6x
Wed, 04 Feb 2026	CA$20.5b	CA$7.3b	CA$550.3m	31.2x	37.3x	2.8x
Fri, 02 Jan 2026	CA$18.3b	CA$7.3b	CA$550.3m	30.7x	33.2x	2.5x
Sun, 30 Nov 2025	CA$16.7b	CA$7.3b	CA$550.4m	27.9x	30.4x	2.3x
Tue, 28 Oct 2025	CA$18.8b	CA$7.1b	CA$532.3m	31x	35.3x	2.7x
Thu, 25 Sep 2025	CA$18.3b	CA$7.1b	CA$533.4m	31x	34.2x	2.6x
Sat, 23 Aug 2025	CA$18.6b	CA$7.1b	CA$533.4m	29.3x	34.9x	2.6x
Mon, 21 Jul 2025	CA$19.4b	CA$6.9b	CA$509.2m	31.6x	38x	2.8x
Wed, 18 Jun 2025	CA$16.6b	CA$6.9b	CA$509.2m	28.8x	32.6x	2.4x
Fri, 16 May 2025	CA$15.0b	CA$6.9b	CA$507.5m	28.3x	29.5x	2.2x
Sun, 13 Apr 2025	CA$13.9b	CA$6.6b	-CA$155,116,347.00	28.7x	-89.8x	2.1x
Tue, 11 Mar 2025	CA$15.5b	CA$6.6b	-CA$171,704,965.00	35.7x	-90.5x	2.4x
Thu, 06 Feb 2025	CA$15.3b	CA$7.0b	-CA$238,270,923.00	28.7x	-64x	2.2x
Sat, 04 Jan 2025	CA$16.4b	CA$7.0b	-CA$238,270,923.00	30.8x	-69x	2.3x
Mon, 02 Dec 2024	CA$15.6b	CA$7.0b	-CA$238,116,781.00	31.8x	-65.5x	2.2x
Wed, 30 Oct 2024	CA$12.7b	CA$6.8b	-CA$248,773,895.00	34.7x	-50.9x	1.9x
Fri, 27 Sep 2024	CA$11.5b	CA$6.8b	-CA$249,720,880.00	30.9x	-46.1x	1.7x
Sun, 25 Aug 2024	CA$11.3b	CA$6.8b	-CA$258,905,570.00	30.6x	-43.5x	1.7x
Tue, 23 Jul 2024	CA$11.4b	CA$6.6b	-CA$278,245,632.00	34.6x	-41x	1.7x
Thu, 20 Jun 2024	CA$11.1b	CA$6.6b	-CA$278,245,632.00	30.4x	-39.9x	1.7x
Sat, 18 May 2024	CA$12.0b	CA$6.9b	CA$297.1m	32.6x	40.3x	1.7x
Mon, 15 Apr 2024	CA$11.6b	CA$6.9b	CA$296.3m	33.3x	39.3x	1.7x
Wed, 13 Mar 2024	CA$11.6b	CA$6.9b	CA$283.9m	33.2x	40.7x	1.7x
Fri, 09 Feb 2024	CA$11.4b	CA$6.7b	CA$273.9m	32.4x	41.8x	1.7x
Sun, 07 Jan 2024	CA$11.7b	CA$6.7b	CA$273.9m	30.4x	42.6x	1.7x
Tue, 05 Dec 2023	CA$11.4b	CA$6.7b	CA$271.0m	30.5x	42.2x	1.7x
Thu, 02 Nov 2023	CA$11.9b	CA$6.5b	CA$229.8m	31.8x	52x	1.8x
Sat, 30 Sep 2023	CA$12.8b	CA$6.5b	CA$202.7m	32.2x	63.2x	2x
Mon, 28 Aug 2023	CA$12.7b	CA$6.5b	CA$199.7m	30.8x	63.8x	1.9x
Wed, 26 Jul 2023	CA$11.9b	CA$6.3b	CA$125.8m	38.3x	94.5x	1.9x
Fri, 23 Jun 2023	CA$11.8b	CA$6.3b	CA$125.8m	36.4x	93.7x	1.9x

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 63.2x which is higher than its 3-year average PE of 11.4x.

The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.8x.

Past Earnings Growth

The earnings for companies in the Aerospace & Defense industry have grown 40% per year over the last three years.
Revenues for these companies have grown 7.3% 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	2.13%
Industrials	-1.14%
Aerospace & Defense	-0.33%
Aerospace and Defense	-0.33%

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?

Company	Last Price	7D	1Y	Valuation
BBD.B Bombardier	CA$309.52	2.3% +CA$692.8m	192.0%	PE22.9x
CAE CAE	CA$35.38	1.1% +CA$125.4m	-3.0%	PE36.3x
MAXQ Maritime Launch Services	CA$0.55	14.6% +CA$53.2m	1,122.2%	PS434.8x
XTRA Xtract One Technologies	CA$0.65	20.4% +CA$28.6m	83.1%	PS7x
SNA Star Navigation Systems Group	CA$0.01	100.0% +CA$8.8m	0%	PS175.6x

MDA Space Wins Key Defense and Aviation Contracts and Secures New Earth Observation Funding

49North, a wholly owned MDA Space subsidiary, secured an IDIQ contract extension with the US Air Force for its Global Procedure Designer platform through June 2031, supporting more than 25 years of continuous collaboration. 49North released a refreshed version of Global Procedure Designer that aligns with the latest regulatory criteria and data standards for instrument flight procedure design. MDA Space received roughly $804,000 from the Canadian government as part of a $2.4m set of contracts for RADARSAT+ ground segment concept studies, and also won a new US defense antenna contract that strengthens visibility on its backlog. These updates point to a mix of recurring defense and aviation software work, alongside new antenna and Earth observation projects. Together, these activities broaden MDA Space’s exposure to government and defense programs. You should watch contract execution, the pace of follow-on awards under programs such as RADARSAT+, and government budget decisions, since these factors can directly influence revenue timing and the company’s longer-term workload.

Canadian (TSX) Aerospace & Defense Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Star Navigation Systems Group Ltd. announced that it expects to receive CAD 2 million in funding

MDA Space Wins Key Defense and Aviation Contracts and Secures New Earth Observation Funding

Draganfly Inc. (CNSX:DPRO) completed the acquisition of Drone technology business from Skip Dynamix, Corporation.

Third quarter 2026 earnings released: CA$0.001 loss per share (vs CA$0.014 loss in 3Q 2025)

Sparc AI Inc. announced that it has received CAD 5.462202 million in funding

Upcoming dividend of CA$0.05 per share

Bombardier’s Global 8000 Sets Speed Record on Montreal to Nice Flight

Volatus Aerospace Inc. has completed a Follow-on Equity Offering in the amount of CAD 34.5345 million.

CAE Eyes New Growth as Canada Prioritizes Defense Training and Signs Saab Partnership

Second quarter 2026 earnings released: CA$1.02 loss per share (vs CA$6.16 loss in 2Q 2025)

Independent Chairman exercised options to buy CA$1.5m worth of stock.