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U.S. Aerospace and Defense Industry Analysis

UpdatedDec 04, 2025
DataAggregated Company Financials
Companies88
  • 7D-1.8%
  • 3M2.0%
  • 1Y28.7%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has dropped 1.9%, driven by a pullback from RTX of 2.5%. On the other hand Boeing is actually up 13%. This takes the industry's 12 month performance to a gain of 28%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

Has the U.S. Aerospace and Defense Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025US$1.3tUS$409.5bUS$32.4b37.4x38.9x3.1x
Sat, 01 Nov 2025US$1.4tUS$408.1bUS$32.3b38.9x42.1x3.3x
Mon, 29 Sep 2025US$1.3tUS$395.8bUS$31.0b38.1x41.2x3.2x
Wed, 27 Aug 2025US$1.2tUS$394.2bUS$31.0b34.9x38.5x3x
Fri, 25 Jul 2025US$1.2tUS$392.3bUS$31.2b36.5x38.1x3x
Sun, 22 Jun 2025US$1.1tUS$387.0bUS$29.9b34.1x36.8x2.8x
Tue, 20 May 2025US$1.1tUS$386.7bUS$30.0b34.1x35.1x2.7x
Thu, 17 Apr 2025US$928.8bUS$377.4bUS$28.8b29.8x32.3x2.5x
Sat, 15 Mar 2025US$916.5bUS$377.0bUS$30.1b31.9x30.5x2.4x
Mon, 10 Feb 2025US$940.5bUS$375.6bUS$29.9b33.1x31.5x2.5x
Wed, 08 Jan 2025US$876.5bUS$403.7bUS$28.0b33.2x31.3x2.2x
Fri, 06 Dec 2024US$944.8bUS$403.7bUS$27.9b35.2x33.8x2.3x
Sun, 03 Nov 2024US$900.4bUS$403.1bUS$27.7b32.5x32.5x2.2x
Tue, 01 Oct 2024US$920.0bUS$388.9bUS$23.3b34.8x39.5x2.4x
Thu, 29 Aug 2024US$884.0bUS$388.7bUS$23.3b33.8x38x2.3x
Sat, 27 Jul 2024US$842.8bUS$387.2bUS$22.9b34.6x36.8x2.2x
Mon, 24 Jun 2024US$807.6bUS$381.1bUS$23.9b32.2x33.8x2.1x
Wed, 22 May 2024US$809.0bUS$380.8bUS$23.8b31.6x33.9x2.1x
Fri, 19 Apr 2024US$762.9bUS$371.8bUS$27.8b30.2x27.5x2.1x
Sun, 17 Mar 2024US$585.9bUS$303.9bUS$18.8b31.5x31.2x1.9x
Tue, 13 Feb 2024US$567.5bUS$302.8bUS$18.4b30x30.9x1.9x
Thu, 11 Jan 2024US$574.7bUS$302.1bUS$20.9b28.7x27.5x1.9x
Sat, 09 Dec 2023US$565.9bUS$301.7bUS$20.9b28.2x27.1x1.9x
Mon, 06 Nov 2023US$555.5bUS$301.2bUS$20.6b28.5x27x1.8x
Wed, 04 Oct 2023US$511.1bUS$301.2bUS$22.4b25.9x22.8x1.7x
Fri, 01 Sep 2023US$557.8bUS$305.8bUS$22.8b25.4x24.4x1.8x
Sun, 30 Jul 2023US$554.1bUS$304.0bUS$22.8b26.1x24.3x1.8x
Tue, 27 Jun 2023US$565.0bUS$297.4bUS$21.9b24.4x25.8x1.9x
Thu, 25 May 2023US$551.3bUS$300.3bUS$21.9b23.4x25.2x1.8x
Sat, 22 Apr 2023US$587.6bUS$294.9bUS$21.8b23x27x2x
Mon, 20 Mar 2023US$558.6bUS$294.6bUS$21.7b23.4x25.8x1.9x
Wed, 15 Feb 2023US$592.4bUS$292.4bUS$22.2b24.9x26.7x2x
Fri, 13 Jan 2023US$590.1bUS$287.0bUS$22.2b25.6x26.6x2.1x
Sun, 11 Dec 2022US$593.1bUS$286.9bUS$22.4b26.3x26.5x2.1x
Price to Earnings Ratio

26.5x


Total Market Cap: US$593.1bTotal Earnings: US$22.4bTotal Revenue: US$286.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace and Defense Industry Price to Earnings3Y Average 31.6x202320242025
Current Industry PE
  • Investors are optimistic on the American Aerospace and 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 31.6x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Aerospace and Defense industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Aerospace and Defense compare with similar industries?

US Market-3.66%
Industrials0.58%
Aerospace & Defense-1.79%
Aerospace and Defense-1.79%
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
BA BoeingUS$202.548.4%
+US$11.9b		28.0%PS1.9x
RKLB Rocket LabUS$44.726.7%
+US$1.5b		93.5%PS43.1x
AXON Axon EnterpriseUS$543.551.9%
+US$819.1m		-21.2%PE166.8x
ACHR Archer AviationUS$8.3511.5%
+US$630.0m		20.0%PB3.7x
BETA BETA TechnologiesUS$29.509.6%
+US$589.0m		n/aPS291.9x

Latest News

BA
US$202.54
Boeing
7D
8.4%
1Y
28.0%
RKLB
US$44.72
Rocket Lab
7D
6.7%
1Y
93.5%
ACHR
US$8.35
Archer Aviation
7D
11.5%
1Y
20.0%
EVEX
US$4.87
Eve Holding
7D
29.9%
1Y
19.1%
BETA
US$29.50
BETA Technologies
7D
9.6%
1Y
n/a
RTX
US$168.45
RTX
7D
-2.7%
1Y
41.3%

RTX: Evolving Defense Priorities And Cybersecurity Will Drive Outlook Amid Cautious Optimism

Analysts have slightly raised their price target for RTX from $192.06 to $193.79, citing modest improvements in projected profit margin and minor adjustments in revenue growth forecasts. What's in the News RTX's Raytheon division is at the center of policy discussions after the U.S. lifted restrictions on Ukraine's use of allied-supplied long-range missiles.
TDG
US$1,337.33
TransDigm Group
7D
-1.3%
1Y
3.4%

TDG: Multi-Year Earnings Expansion Will Rely On Margin Strength And M&A Capacity

TransDigm Group's fair value estimate has been increased by analysts to $1,577.65 from $1,557.89. This change reflects continued conviction in strong organic growth, robust earnings performance, and expectations for future margin resilience despite a mixed outlook for certain market segments.
CW
US$535.89
Curtiss-Wright
7D
-4.8%
1Y
41.3%
LHX
US$277.74
L3Harris Technologies
7D
0.6%
1Y
15.5%

LHX: Earnings Momentum Will Accelerate On Rising Demand For Advanced Defense Systems

The consensus analyst price target for L3Harris Technologies increased from $320 to $350. Analysts cite the company's strong positioning for future contract awards and recent improvements in the aerospace and defense sector outlook as key factors supporting the upward revision.
LMT
US$446.80
Lockheed Martin
7D
-1.6%
1Y
-13.7%
AXON
US$543.55
Axon Enterprise
7D
1.9%
1Y
-21.2%

AXON: Expanding Into AI And Drones Will Drive Market Share Gains

Axon Enterprise's analyst price target has edged lower by approximately $1 to $822.50. Analysts cite sustained revenue growth and continued expansion opportunities, although recent results have led to more measured expectations.
GE
US$288.49
General Electric
7D
-2.7%
1Y
57.9%

GE: Urgent Defense Demand Will Drive Aerospace Upside As Production Rises

General Electric's analyst price target has been revised downward from $343.57 to $339.00. This reflects analyst expectations of slightly slower growth and modestly higher discount rates impacting valuation.
NOC
US$553.32
Northrop Grumman
7D
-2.4%
1Y
13.7%
HWM
US$194.29
Howmet Aerospace
7D
-5.1%
1Y
61.8%

HWM: Future Margin Expansion Will Be Driven By Higher Production Rates

Analysts have increased their price target for Howmet Aerospace from $225 to $232 per share. They cite the company’s stronger revenue growth outlook, robust margin performance, and continued optimism for high-margin expansion across its end-markets.
SPR
US$39.50
Spirit AeroSystems Holdings
7D
9.3%
1Y
19.9%

Spirit AeroSystems: Boeing's Stock Slump Cuts Takeover Value To $37.25

Nov 13
HEI
US$309.45
HEICO
7D
-1.8%
1Y
14.7%

Here's Why HEICO (NYSE:HEI) Has Caught The Eye Of Investors

Nov 09
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