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U.S. Aerospace and Defense Industry Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies109
  • 7D0.1%
  • 3M12.4%
  • 1Y29.9%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has remained flat, although notably Boeing declined by 4.4%. As for the the longer term, the industry is up 27% over the past 12 months. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Aug 2026US$1.8tUS$546.3bUS$40.3b39.7x45.8x3.4x
Fri, 17 Jul 2026US$1.7tUS$530.6bUS$37.1b37.9x46.4x3.2x
Sun, 14 Jun 2026US$1.7tUS$530.2bUS$37.1b39.7x46x3.2x
Tue, 12 May 2026US$1.6tUS$528.8bUS$37.8b35.8x43.2x3.1x
Thu, 09 Apr 2026US$1.6tUS$511.7bUS$36.3b38.8x44.1x3.1x
Sat, 07 Mar 2026US$1.7tUS$511.1bUS$35.6b43.5x48.2x3.4x
Mon, 02 Feb 2026US$1.7tUS$509.1bUS$35.4b40.6x46.7x3.3x
Wed, 31 Dec 2025US$1.4tUS$410.0bUS$32.0b37.4x42.6x3.3x
Fri, 28 Nov 2025US$1.3tUS$409.5bUS$32.4b38.4x39.8x3.1x
Sun, 26 Oct 2025US$1.4tUS$406.7bUS$32.5b39.6x41.7x3.3x
Tue, 23 Sep 2025US$1.3tUS$395.7bUS$31.0b37x40.9x3.2x
Thu, 21 Aug 2025US$1.2tUS$394.0bUS$31.0b33.7x38.1x3x
Sat, 19 Jul 2025US$1.2tUS$389.2bUS$30.6b35.8x38.8x3x
Mon, 16 Jun 2025US$1.1tUS$387.0bUS$29.9b33.9x37.2x2.9x
Wed, 14 May 2025US$1.0tUS$386.6bUS$29.3b33.4x34.6x2.6x
Fri, 11 Apr 2025US$921.6bUS$377.4bUS$28.8b29.2x32x2.4x
Sun, 09 Mar 2025US$924.5bUS$376.7bUS$30.1b31.8x30.7x2.5x
Tue, 04 Feb 2025US$948.3bUS$375.7bUS$30.0b33.8x31.6x2.5x
Thu, 02 Jan 2025US$879.1bUS$403.7bUS$28.0b33.1x31.4x2.2x
Sat, 30 Nov 2024US$955.2bUS$403.8bUS$27.8b35.3x34.3x2.4x
Mon, 28 Oct 2024US$932.7bUS$402.9bUS$27.7b33.7x33.7x2.3x
Wed, 25 Sep 2024US$926.5bUS$388.9bUS$23.3b35x39.8x2.4x
Fri, 23 Aug 2024US$878.7bUS$388.4bUS$23.2b33.5x37.8x2.3x
Sun, 21 Jul 2024US$802.4bUS$381.3bUS$24.0b36.8x33.4x2.1x
Tue, 18 Jun 2024US$787.2bUS$381.1bUS$23.9b32.3x33x2.1x
Thu, 16 May 2024US$805.9bUS$380.8bUS$23.8b30.7x33.8x2.1x
Sat, 13 Apr 2024US$773.4bUS$371.9bUS$27.6b30.2x28x2.1x
Mon, 11 Mar 2024US$584.4bUS$303.9bUS$18.7b31.4x31.3x1.9x
Wed, 07 Feb 2024US$563.3bUS$302.9bUS$18.4b29.5x30.6x1.9x
Fri, 05 Jan 2024US$577.5bUS$302.1bUS$20.9b27.3x27.6x1.9x
Sun, 03 Dec 2023US$567.2bUS$301.6bUS$20.9b28.1x27.2x1.9x
Tue, 31 Oct 2023US$535.5bUS$300.4bUS$20.6b25.5x25.9x1.8x
Thu, 28 Sep 2023US$519.2bUS$306.0bUS$22.5b26.3x23x1.7x
Sat, 26 Aug 2023US$551.1bUS$305.7bUS$22.8b25.4x24.2x1.8x
Price to Earnings Ratio

24.2x


Total Market Cap: US$551.1bTotal Earnings: US$22.8bTotal Revenue: US$305.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace and Defense Industry Price to Earnings3Y Average 36.1x202420252026
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 46.1x which is higher than its 3-year average PE of 36.1x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Aerospace and Defense industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 21% 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-0.35%
Industrials-1.41%
Aerospace & Defense0.097%
Aerospace and Defense0.097%
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
GE General ElectricUS$375.091.9%
+US$7.3b		41.0%PE43.4x
HWM Howmet AerospaceUS$292.654.0%
+US$4.5b		70.2%PE62.4x
RTX RTXUS$225.490.7%
+US$2.2b		46.7%PE39.3x
LMT Lockheed MartinUS$607.171.6%
+US$2.2b		37.6%PE22.3x
NOC Northrop GrummanUS$589.142.3%
+US$1.9b		0.5%PE18.6x

Latest News

LUNR
US$19.31
Intuitive Machines
7D
17.2%
1Y
122.2%
LHX
US$279.54
L3Harris Technologies
7D
-2.3%
1Y
2.7%
AVAV
US$174.14
AeroVironment
7D
-11.2%
1Y
-26.0%
RKLB
US$79.16
Rocket Lab
7D
-1.1%
1Y
93.5%
BA
US$223.06
Boeing
7D
-4.4%
1Y
-0.9%
Narrative Update • Aug 17

BA: Order Momentum And Free Cash Flow Will Support Autonomous Aviation Partnerships

Analysts have raised their price target on Boeing stock from $233.28 to $246.00. They cite updated assumptions for revenue growth, profit margins, discount rate, and future P/E that modestly adjust their view of the company’s longer term earnings power and risk profile.
GE
US$375.09
General Electric
7D
1.9%
1Y
41.0%
RTX
US$225.49
RTX
7D
0.7%
1Y
46.7%
MOG.A
US$437.71
Moog
7D
5.0%
1Y
128.9%
BETA
US$26.76
BETA Technologies
7D
8.8%
1Y
n/a
Narrative Update • Aug 13

BETA: Financing, Defense Autonomy And Certification Progress Will Shape Long Term Upside

The analyst fair value estimate for BETA Technologies shifted from $25.00 to $29.00 as analysts updated their models for revenue growth, profit margins, and future P/E assumptions. What’s in the News for BETA Technologies BETA Technologies reported Q2 2026 results with significant revenue growth across commercial, defense, and aerospace activities, introduced the MV250 hybrid electric autonomous VTOL aircraft, completed a first high altitude hybrid electric flight with partners including GE Aerospace, NASA, and Boeing, expanded its charging network, increased its commercial backlog with a new aircraft order, and raised full year 2026 revenue guidance while still projecting losses at the higher end of its prior range.
LMT
US$607.17
Lockheed Martin
7D
1.6%
1Y
37.6%
NOC
US$589.14
Northrop Grumman
7D
2.3%
1Y
0.5%
HWM
US$292.65
Howmet Aerospace
7D
4.0%
1Y
70.2%
AXON
US$619.85
Axon Enterprise
7D
-2.6%
1Y
-18.3%
Narrative Update • Aug 11

AXON: World Cup Booking Boom Will Eventually Strain Frothy Expectations

Axon Enterprise's fair value estimate has increased from $409.68 to $475.11 as analysts cite higher price targets grounded in strong Q2 bookings, growing contract visibility, and increased contributions from areas such as AI Era, Dedrone, and major law enforcement and World Cup related deployments. Analyst Commentary Recent Street research on Axon Enterprise reflects a wide range of views on where the stock should trade, even as many firms lift their price targets following Q2 results.
FTAI
US$211.50
FTAI Aviation
7D
-6.3%
1Y
50.0%
HONA
US$160.76
Honeywell Aerospace
7D
-4.2%
1Y
n/a
ARXS
US$56.56
Arxis
7D
-2.7%
1Y
n/a