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

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 66.9x which is higher than its 3-year average PE of 11.7x. The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.9x.

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

There are no additional sub-industries under this industry.

Canadian (TSX) Aerospace & Defense Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 04 Jun 2026	CA$23.0b	CA$7.8b	CA$343.0m	42.3x	66.9x	2.9x
Sat, 02 May 2026	CA$19.6b	CA$7.6b	CA$432.9m	36.4x	45.2x	2.6x
Mon, 30 Mar 2026	CA$17.9b	CA$7.5b	CA$485.5m	30.7x	36.8x	2.4x
Wed, 25 Feb 2026	CA$19.2b	CA$7.4b	CA$492.0m	34.1x	38.9x	2.6x
Fri, 23 Jan 2026	CA$21.3b	CA$7.3b	CA$550.3m	34x	38.8x	2.9x
Sun, 21 Dec 2025	CA$18.1b	CA$7.3b	CA$550.4m	29.8x	32.9x	2.5x
Tue, 18 Nov 2025	CA$16.2b	CA$7.3b	CA$550.4m	24.7x	29.4x	2.2x
Thu, 16 Oct 2025	CA$18.7b	CA$7.1b	CA$533.4m	29.8x	35x	2.6x
Sat, 13 Sep 2025	CA$17.0b	CA$7.1b	CA$533.4m	28.3x	31.8x	2.4x
Mon, 11 Aug 2025	CA$19.1b	CA$7.1b	CA$525.4m	31.1x	36.4x	2.7x
Wed, 09 Jul 2025	CA$18.8b	CA$6.9b	CA$509.2m	32.4x	37x	2.7x
Fri, 06 Jun 2025	CA$16.0b	CA$6.9b	CA$509.6m	28.3x	31.5x	2.3x
Sun, 04 May 2025	CA$15.1b	CA$6.6b	-CA$155,116,347.00	28.9x	-97.6x	2.3x
Tue, 01 Apr 2025	CA$15.4b	CA$6.6b	-CA$155,116,347.00	31.5x	-99.1x	2.3x
Thu, 27 Feb 2025	CA$15.1b	CA$6.4b	-CA$183,304,965.00	36.5x	-82.5x	2.3x
Sat, 25 Jan 2025	CA$16.4b	CA$7.0b	-CA$238,270,923.00	29.7x	-68.9x	2.3x
Mon, 23 Dec 2024	CA$16.1b	CA$7.0b	-CA$238,353,204.00	28.2x	-67.4x	2.3x
Wed, 20 Nov 2024	CA$14.9b	CA$7.0b	-CA$238,116,781.00	31.9x	-62.5x	2.1x
Fri, 18 Oct 2024	CA$12.7b	CA$6.8b	-CA$249,720,880.00	36.8x	-50.7x	1.9x
Sun, 15 Sep 2024	CA$11.4b	CA$6.8b	-CA$249,720,880.00	31.2x	-45.8x	1.7x
Tue, 13 Aug 2024	CA$10.7b	CA$6.7b	-CA$263,103,632.00	29.3x	-40.9x	1.6x
Thu, 11 Jul 2024	CA$11.1b	CA$6.6b	-CA$278,245,632.00	32.9x	-39.8x	1.7x
Sat, 08 Jun 2024	CA$11.2b	CA$6.6b	-CA$282,935,193.00	31x	-39.5x	1.7x
Mon, 06 May 2024	CA$12.0b	CA$6.9b	CA$296.5m	34.2x	40.5x	1.7x
Wed, 03 Apr 2024	CA$11.9b	CA$6.9b	CA$296.3m	33.4x	40.2x	1.7x
Fri, 01 Mar 2024	CA$11.0b	CA$6.8b	CA$262.5m	29.3x	42x	1.6x
Sun, 28 Jan 2024	CA$11.1b	CA$6.7b	CA$273.9m	30.5x	40.6x	1.7x
Tue, 26 Dec 2023	CA$11.7b	CA$6.7b	CA$273.9m	30.5x	42.7x	1.8x
Thu, 23 Nov 2023	CA$11.9b	CA$6.7b	CA$271.0m	30.5x	43.9x	1.8x
Sat, 21 Oct 2023	CA$11.9b	CA$6.5b	CA$230.2m	30.9x	51.7x	1.8x
Mon, 18 Sep 2023	CA$13.3b	CA$6.5b	CA$202.8m	32x	65.4x	2x
Wed, 16 Aug 2023	CA$12.7b	CA$6.5b	CA$198.2m	32x	64x	1.9x
Fri, 14 Jul 2023	CA$11.8b	CA$6.3b	CA$125.9m	38.6x	93.7x	1.9x
Sun, 11 Jun 2023	CA$11.4b	CA$6.3b	CA$125.4m	35.6x	90.6x	1.8x


CA Market	1.07%
Industrials	1.33%
Aerospace & Defense	2.57%
Aerospace and Defense	2.57%

Company	Last Price	7D	1Y	Valuation
BBD.B Bombardier	CA$322.06	10.7% +CA$3.1b	230.8%	PE23.9x
MAL Magellan Aerospace	CA$32.60	9.5% +CA$162.1m	91.8%	PE41.3x
CAE CAE	CA$34.65	1.5% +CA$160.8m	-2.9%	PE35.6x
DPRO Draganfly	CA$9.72	5.3% +CA$17.9m	238.7%	PS41.8x
XTRA Xtract One Technologies	CA$0.49	1.0% +CA$1.3m	-10.9%	PS7.4x

Announcement • May 21

Draganfly Launches Draganfly Blitz™ Advanced Optical Payload Product Line to Address Growing Demand for Best-in-Class, NDAA-Compliant Integrated Gimbal Systems

Draganfly Inc. had announced the launch of the Draganfly Blitz payload platform, a family of advanced electro-optical and infrared (EO/IR) payloads and stabilized gimbal systems developed in partnership with Blitz Technologies. Under the agreement, Draganfly will serve as the exclusive integrator, distributor, and commercialization partner for Blitz Technology across North America and the broader Americas market. The launch marks Draganfly’s strategic entry into one of the fastest-growing and most supply-constrained segments of the global unmanned systems industry: mission-critical optical payloads for intelligence, surveillance, reconnaissance (ISR), tactical overwatch, force protection, and autonomous systems. The global EO/IR gimbal and drone payload market is estimated to exceed $12 billion annually by 2030, driven by accelerating defense modernization programs, border security requirements, autonomous warfare initiatives, and rapidly expanding demand for drone-based ISR capabilities. Across North America and allied nations, government agencies and defense operators are increasingly seeking secure, NDAA-aligned alternatives to legacy payload suppliers amid rising geopolitical tensions, extended procurement timelines, and growing operational demand for scalable drone systems. The Draganfly Blitz platform is designed to meet that demand with lower acquisition costs, rapid production scalability, reduced delivery timelines, modular integration capability, and high-performance optical systems optimized for real-world operational deployment. The new payload family includes the Draganfly BlitzSpectrum 300, Spectrum 500, Spectrum 800, Spectrum 1600LR systems, as well as other products offering combinations of 4K and Full HD electro-optical imaging, thermal infrared capability, laser rangefinding, stabilized multi-axis gimbals, and lightweight SWaP-optimized configurations for Group 1–3 unmanned systems. The systems are engineered for defense ISR, tactical reconnaissance, search and rescue, border and maritime security, disaster response, infrastructure inspection, and public safety operations. The compact Spectrum 300 weighs under 300 grams and provides dual EO/IR capability optimized for lightweight platforms and autonomous drone systems. The larger Spectrum 800 and Spectrum 1650LR systems add advanced long-range imaging and laser rangefinding capability designed for extended ISR and tactical overwatch missions. Industry demand for compact EO/IR systems has accelerated sharply as lessons from Ukraine, the Middle East, and Indo-Pacific security planning continue to drive investment toward low-cost autonomous systems and distributed ISR architectures. Additionally, the Blitz product line is working in partnership with Corlens to integrate Corlens Inside, the first non-germanium, nano-fabricated metalens technology, making payloads, smaller, lighter, and not dependent on rare earth elements. The partnership significantly expands Draganfly’s vertically integrated drone solutions ecosystem by adding advanced optical payload capability to its existing portfolio of airframes, software, AI systems, and operational support solutions. By integrating Blitz Technology into the Draganfly ecosystem, a North American platform capable of delivering high-performance optical capability aimed to achieve the scale and speed and price point today’s market increasingly requires is being created. The agreement also includes coordinated engineering, integration, training, customer support, and go-to-market activities Draganfly will lead customer engagement, demonstrations, integration, sales, and support operations throughout the Americas. The Draganfly Blitz payload platform will officially debut at SOF Week 2026 in Tampa, Florida, where the Company will showcase the systems to military, special operations, government, and allied defense partners.

Canadian (TSX) Aerospace & Defense Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Price target increased by 9.0% to CA$62.45

Sparc AI Inc. Announces Appointment of Don Hilton as Independent Non-Executive Director, Effective June 1, 2026

BBD.B: Fair Value Outlook Will Depend On Execution And Capital Allocation

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

Volatus Aerospace Inc. has filed a Follow-on Equity Offering in the amount of CAD 30.03 million.

Now 20% undervalued

Xtract One Technologies Inc. to Report Q3, 2026 Results on Jun 10, 2026

Draganfly Launches Draganfly Blitz™ Advanced Optical Payload Product Line to Address Growing Demand for Best-in-Class, NDAA-Compliant Integrated Gimbal Systems

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.