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U.S. Aerospace and Defense Industry Analysis

UpdatedAug 29, 2026
DataAggregated Company Financials
Companies110
  • 7D-2.1%
  • 3M-1.9%
  • 1Y16.3%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has dropped 1.5%, driven by General Electric declining 1.7%. In the past year, the industry has gained 16%. 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
Sat, 29 Aug 2026US$1.7tUS$546.6bUS$40.3b36.9x42.7x3.1x
Mon, 27 Jul 2026US$1.8tUS$538.7bUS$39.4b39x44.5x3.3x
Wed, 24 Jun 2026US$1.7tUS$530.2bUS$37.1b40.2x46x3.2x
Fri, 22 May 2026US$1.6tUS$529.2bUS$37.5b35.2x43.6x3.1x
Sun, 19 Apr 2026US$1.7tUS$513.3bUS$36.4b39.6x46x3.3x
Tue, 17 Mar 2026US$1.6tUS$511.4bUS$35.2b41.6x46.6x3.2x
Thu, 12 Feb 2026US$1.7tUS$509.8bUS$35.5b41.9x46.9x3.3x
Sat, 10 Jan 2026US$1.4tUS$410.1bUS$32.0b40.3x44.8x3.5x
Mon, 08 Dec 2025US$1.3tUS$409.5bUS$32.0b37x39.7x3.1x
Wed, 05 Nov 2025US$1.4tUS$408.4bUS$32.2b37.5x42.1x3.3x
Fri, 03 Oct 2025US$1.3tUS$398.6bUS$31.3b39.1x42.1x3.3x
Sun, 31 Aug 2025US$1.2tUS$394.2bUS$31.0b34.4x39.1x3.1x
Tue, 29 Jul 2025US$1.2tUS$392.6bUS$31.2b36.6x38.4x3.1x
Thu, 26 Jun 2025US$1.1tUS$387.1bUS$29.9b35.3x37.3x2.9x
Sat, 24 May 2025US$1.0tUS$386.7bUS$29.9b32.9x34.7x2.7x
Mon, 21 Apr 2025US$921.1bUS$377.4bUS$28.8b31.1x32x2.4x
Wed, 19 Mar 2025US$942.3bUS$377.0bUS$29.1b32.2x32.4x2.5x
Fri, 14 Feb 2025US$943.9bUS$376.1bUS$30.0b34.4x31.5x2.5x
Sun, 12 Jan 2025US$876.7bUS$401.3bUS$27.9b32.7x31.4x2.2x
Tue, 10 Dec 2024US$927.5bUS$403.7bUS$27.9b34x33.2x2.3x
Thu, 07 Nov 2024US$912.4bUS$403.3bUS$27.7b35.4x32.9x2.3x
Sat, 05 Oct 2024US$944.7bUS$393.7bUS$23.6b35.1x40x2.4x
Mon, 02 Sep 2024US$903.6bUS$388.7bUS$23.3b34.3x38.8x2.3x
Wed, 31 Jul 2024US$850.1bUS$387.2bUS$22.9b34.1x37.1x2.2x
Fri, 28 Jun 2024US$795.1bUS$381.1bUS$23.9b32.4x33.3x2.1x
Sun, 26 May 2024US$819.0bUS$380.8bUS$23.8b31.8x34.4x2.2x
Tue, 23 Apr 2024US$762.3bUS$371.1bUS$27.8b29.4x27.4x2.1x
Thu, 21 Mar 2024US$591.9bUS$303.9bUS$18.8b31.8x31.4x1.9x
Sat, 17 Feb 2024US$571.5bUS$303.1bUS$18.5b29.9x30.9x1.9x
Mon, 15 Jan 2024US$583.1bUS$302.1bUS$20.9b29.3x27.9x1.9x
Wed, 13 Dec 2023US$571.3bUS$301.7bUS$20.9b28.3x27.3x1.9x
Fri, 10 Nov 2023US$550.6bUS$301.4bUS$20.6b29.6x26.7x1.8x
Sun, 08 Oct 2023US$502.4bUS$301.2bUS$22.4b26.5x22.4x1.7x
Tue, 05 Sep 2023US$559.0bUS$305.8bUS$22.8b25.5x24.5x1.8x
Price to Earnings Ratio

24.5x


Total Market Cap: US$559.0bTotal Earnings: US$22.8bTotal Revenue: US$305.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace and Defense Industry Price to Earnings3Y Average 36.3x202420252026
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 43.1x which is higher than its 3-year average PE of 36.3x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.2x.
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 Market0.25%
Industrials-2.02%
Aerospace & Defense-2.07%
Aerospace and Defense-2.07%
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
RTX RTXUS$211.710.9%
+US$2.4b		33.5%PE36.9x
ATI ATIUS$210.761.8%
+US$510.6m		171.8%PE60.3x
HXL HexcelUS$94.871.1%
+US$76.4m		50.2%PE46.7x
LMT Lockheed MartinUS$563.850.05%
+US$64.6m		23.8%PE20.7x
NPK National Presto IndustriesUS$152.621.8%
+US$19.1m		45.6%PE25.4x

Latest News

HEI
US$336.53
HEICO
7D
-5.2%
1Y
7.9%
Seeking Alpha • 16h

HEICO: A Fundamentals Superstar But Also An Informational Enigma; Staying At 'Hold'

Summary As it did last quarter, HEICO again handily beat estimates. But this time, instead of rallying, the stock just yawned. Organic growth remained excellent, and as one analyst said on the earnings call, the company was still "printing money." Core fundamentals that reveal longer-term trends, likewise, remain excellent. But there’s a lingering question — How sustainable is the recent super-growth? Management doesn’t give guidance. Nor was it able now to pin down anything beyond saying “every one of our verticals” and “every one of the markets." That’s fine, but with a forward P/E in the 50s and a forward PEG at 3.40, I and other investors need more detail. I respect HEI’s results, but I’m keeping my rating at ”Hold”. Read the full article on Seeking Alpha
RKLB
US$64.39
Rocket Lab
7D
-11.3%
1Y
32.5%
LMT
US$563.85
Lockheed Martin
7D
0.05%
1Y
23.8%
GE
US$342.58
General Electric
7D
-1.7%
1Y
24.5%
Seeking Alpha • Aug 27

GE Aerospace: Full-Throttle Ahead, Full Valuation, Technical Froth Eases

Summary GE Aerospace delivered strong Q2 results, with 23.5% YoY revenue growth and EPS of $2.02, beating consensus. Management raised FY 2026 guidance across all key metrics, projecting high-teen revenue growth, $7.65–$7.85 EPS, and $8.9–$9.2B FCF. I maintain a "Hold" rating, as GE is fully valued with a 35x P/E and a PEG of 2.5x, despite robust execution and upward earnings revisions. Technicals remain bullish with a rising 200dma, but recent negative RSI divergence and seasonal risks warrant caution. Read the full article on Seeking Alpha
TXT
US$83.04
Textron
7D
0.1%
1Y
3.6%
RTX
US$211.71
RTX
7D
0.9%
1Y
33.5%
BA
US$209.82
Boeing
7D
-2.0%
1Y
-10.6%
AXON
US$600.73
Axon Enterprise
7D
-4.3%
1Y
-19.6%
Narrative Update • Aug 25

AXON: Future Contracted Bookings Will Support AI Public Safety Repricing

The updated analyst model for Axon Enterprise lifts the fair value estimate from $662.04 to $693.40. This reflects higher Street price targets that lean on recent research citing strong Q2 bookings visibility, an expanding contract backlog of $15.1b, growing contributions from Dedrone and AI Era, and expectations for positive free cash flow despite some pressure on projected profit margins and a higher assumed future P/E of 182.28x.
HWM
US$264.85
Howmet Aerospace
7D
-2.5%
1Y
52.1%
Narrative Update • Aug 22

HWM: Raised Guidance And Q2 Demand Strength Will Test Fair Valuation

Analysts have lifted the fair value estimate for Howmet Aerospace to $284.24 from $268.23, citing higher modeled revenue growth, stronger profit margins, and updated P/E assumptions that reflect recent rounds of rising Street price targets following robust Q2 demand commentary from multiple firms. Analyst Commentary Recent Street research on Howmet Aerospace has centered on Q2 results, demand trends across commercial aerospace and defense, and how these factors feed into valuation.
EXYN
US$3.53
Exyn Technologies
7D
59.7%
1Y
n/a
ATI
US$210.76
ATI
7D
1.8%
1Y
171.8%
Seeking Alpha • Aug 19

ATI: Stock Is A Bit Pricey, But Continued Momentum Justifies The Premium

Summary ATI delivered strong, upbeat Q2 FY26 results with an over 10.6% increase in its revenue and strong margin expansion, underscoring ATI's progress and recovery in certain parts of the business. Strong backlog visibility and healthy A&D-related demand support continued topline growth through the second half of FY26. Strong execution and a richer price and mix should support strong profitability in the coming quarters. ATI's structural demand drivers and favorable market positioning support a continued bullish rating on the stock despite the recent rally. Read the full article on Seeking Alpha
FTAI
US$194.98
FTAI Aviation
7D
-7.0%
1Y
26.7%
Narrative Update • Aug 18

FTAI: Power Contracts And Maintenance Expansion Will Drive Future Earnings Power

Analysts have trimmed the fair value estimate for FTAI Aviation stock from $319 to $290, reflecting lower price targets after recent earnings and more conservative 2026 to 2027 outlooks, even as core aerospace operations and long term power contracts remain key parts of their rationale. Analyst Commentary Recent research updates on FTAI Aviation point to a mix of confidence in the business model and more guarded expectations for medium term growth.
HXL
US$94.87
Hexcel
7D
1.1%
1Y
50.2%
NPK
US$152.62
National Presto Industries
7D
1.8%
1Y
45.6%
CW
US$596.37
Curtiss-Wright
7D
-6.1%
1Y
24.7%
Narrative Update • Aug 13

CW: Share Repurchases And Naval Projects Will Support Measured Long Term Upside

Analysts have trimmed their price target on Curtiss-Wright to $700 from $768 as they factor in updated assumptions for the discount rate, revenue growth, profit margins, and future P/E levels. What’s in the News for Curtiss-Wright Curtiss-Wright announced a US$100 million expansion of its 2026 share repurchase program, bringing expected annual repurchases to US$160 million, with the additional US$100 million to be executed immediately under a 10b5-1 program.
SIF
US$22.21
SIFCO Industries
7D
5.7%
1Y
213.4%