U.S. Aerospace and Defense Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 11 May 2026	US$1.6t	US$528.8b	US$37.8b	36.9x	43.3x	3.1x
Wed, 08 Apr 2026	US$1.6t	US$511.7b	US$36.3b	36.9x	44.5x	3.2x
Fri, 06 Mar 2026	US$1.8t	US$511.1b	US$35.6b	44.5x	49.5x	3.4x
Sun, 01 Feb 2026	US$1.7t	US$509.1b	US$35.4b	40.6x	46.7x	3.3x
Tue, 30 Dec 2025	US$1.4t	US$410.0b	US$32.0b	37.6x	42.7x	3.3x
Thu, 27 Nov 2025	US$1.3t	US$409.5b	US$32.4b	38.4x	39.5x	3.1x
Sat, 25 Oct 2025	US$1.3t	US$405.5b	US$32.4b	39.6x	41.7x	3.3x
Mon, 22 Sep 2025	US$1.3t	US$395.7b	US$31.0b	36.4x	40.9x	3.2x
Wed, 20 Aug 2025	US$1.2t	US$394.0b	US$31.0b	33.5x	38.5x	3x
Fri, 18 Jul 2025	US$1.2t	US$387.2b	US$29.9b	35.7x	39.5x	3.1x
Sun, 15 Jun 2025	US$1.1t	US$387.0b	US$29.9b	33.9x	37.2x	2.9x
Tue, 13 May 2025	US$1.0t	US$386.1b	US$29.4b	33.9x	34.1x	2.6x
Thu, 10 Apr 2025	US$852.9b	US$377.4b	US$28.8b	30x	29.6x	2.3x
Sat, 08 Mar 2025	US$916.1b	US$376.7b	US$30.1b	31.8x	30.5x	2.4x
Mon, 03 Feb 2025	US$948.3b	US$375.7b	US$30.0b	33.9x	31.6x	2.5x
Wed, 01 Jan 2025	US$881.1b	US$403.7b	US$28.0b	33.1x	31.5x	2.2x
Fri, 29 Nov 2024	US$945.5b	US$403.8b	US$27.8b	35.1x	34x	2.3x
Sun, 27 Oct 2024	US$932.7b	US$402.9b	US$27.7b	33.7x	33.7x	2.3x
Tue, 24 Sep 2024	US$916.0b	US$388.8b	US$23.2b	34.4x	39.5x	2.4x
Thu, 22 Aug 2024	US$877.5b	US$388.4b	US$23.2b	33.4x	37.8x	2.3x
Sat, 20 Jul 2024	US$807.9b	US$381.3b	US$24.0b	36.8x	33.6x	2.1x
Mon, 17 Jun 2024	US$787.2b	US$381.1b	US$23.9b	31.6x	33x	2.1x
Wed, 15 May 2024	US$805.5b	US$380.8b	US$23.8b	30.5x	33.8x	2.1x
Fri, 12 Apr 2024	US$773.1b	US$371.9b	US$27.6b	30.7x	28x	2.1x
Sun, 10 Mar 2024	US$584.4b	US$303.9b	US$18.7b	31.4x	31.3x	1.9x
Tue, 06 Feb 2024	US$568.8b	US$302.9b	US$18.4b	29.2x	30.9x	1.9x
Thu, 04 Jan 2024	US$579.0b	US$302.1b	US$20.9b	27.3x	27.7x	1.9x
Sat, 02 Dec 2023	US$561.0b	US$301.6b	US$20.9b	28.1x	26.9x	1.9x
Mon, 30 Oct 2023	US$534.8b	US$300.4b	US$20.6b	24.7x	25.9x	1.8x
Wed, 27 Sep 2023	US$513.9b	US$305.9b	US$22.6b	24.5x	22.8x	1.7x
Fri, 25 Aug 2023	US$552.0b	US$305.7b	US$22.8b	25.1x	24.2x	1.8x
Sun, 23 Jul 2023	US$574.6b	US$299.3b	US$23.0b	26.8x	25x	1.9x
Tue, 20 Jun 2023	US$573.5b	US$297.4b	US$21.9b	25.7x	26.2x	1.9x
Thu, 18 May 2023	US$563.6b	US$300.1b	US$21.8b	23.4x	25.8x	1.9x

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 43.3x which is higher than its 3-year average PE of 34.3x.

The 3-year average PS ratio of 2.4x 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 20% 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	2.14%
Industrials	0.43%
Aerospace & Defense	3.23%
Aerospace and Defense	3.23%

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
RKLB Rocket Lab	US$105.47	33.8% +US$15.5b	414.2%	PS89.8x
GE General Electric	US$302.63	4.4% +US$13.3b	41.1%	PE36.9x
HWM Howmet Aerospace	US$272.54	12.1% +US$11.8b	73.0%	PE62.7x
TDG TransDigm Group	US$1.24k	7.1% +US$4.0b	-10.3%	PE37.3x
HEI HEICO	US$289.60	7.3% +US$2.7b	8.1%	PE56.7x

AeroVironment, Inc. Demonstrates Locust High-Energy Laser System At White Sands Missile Range

AeroVironment, Inc. announced a historic milestone for directed energy and homeland defense following the successful execution of a first-of-its-kind counter-unmanned aircraft system (C-UAS) laser test in coordination with the U.S. Department of War and the Federal Aviation Administration. AV’s LOCUST high-energy laser system undergoes testing at White Sands Missile Range, demonstrating safe, precise counter-drone capability in coordination with DOW–FAA national airspace validation efforts. During an early March test event at White Sands Missile Range, led by Joint Interagency Task Force 401, AV’s LOCUST high-energy laser system demonstrated its ability to safely and effectively defend U.S. national airspace against emerging drone threats, directly supporting a subsequent agreement between the DOW and FAA that validates the system for domestic use. The test at WSMR demonstrated automated safety shut-off capabilities that ensure the system only engages validated targets, among other safety features. The testing also showed no adverse impact to civilian aircraft during controlled evaluation scenarios and showed precision engagement through strict positive identification protocols. AV’s LOCUST also showed the ability to hit both stationary and airborne targets to demonstrate accuracy, persistence, and operational realism. The demonstration at WSMR comes amid increasing urgency to address drone incursions across U.S. airspace. The successful validation of LOCUST underscores its role as a critical layer in a modern, integrated air defense architecture—providing precision engagement, deep magazine capacity, and the ability to defeat threats at the speed of light. AV recently announced LOCUST as a key offering in its new rollout of Halo_Shield, —a layered, tile-based defense architecture that integrates sensors, battle management, and effectors to identify, detect, track, and defeat evolving aerial threats—positioning the company to help defend critical infrastructure, secure borders, and protect the American public as drone incursions continue to rise across U.S. airspace. JIATF-401’s coordination across federal partners was instrumental in aligning operational, safety and regulatory stakeholders for this unprecedented test. PEO Missiles & Space – PAE Fires continues to drive directed energy innovation and fielding, while the FAA’s rigorous safety oversight is enabling the responsible integration of these capabilities into national airspace.

U.S. Aerospace and Defense Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Howmet Aerospace Inc. Increases Earnings Guidance for the Fiscal Year 2026

First quarter 2026 earnings: EPS and revenues exceed analyst expectations

L3Harris Delivers Record $40.7b Backlog and Ups 2026 Revenue Guidance on Defense Strength

Kratos Defense & Security Solutions, Inc. Raises Earnings Guidance for the Full Year 2026

Axon Enterprise, Inc. Raises Earnings Guidance for the Full Year 2026

Lockheed Martin Corporation Announces Executive Changes

AeroVironment, Inc. Demonstrates Locust High-Energy Laser System At White Sands Missile Range

TransDigm Group Incorporated Revises Earnings Guidance for the Year 2026

Now 23% undervalued

Northrop Grumman Expands in Australia and Breaks Record in Diamond-Based Defense Electronics

NetJets Adds First Cessna Citation Ascend Jets to Fleet as Textron Targets Midsize Market

HEICO Corporation to Report Q2, 2026 Results on May 27, 2026

Independent Director notifies of intention to sell stock

Boeing Buy Rating Reaffirmed as Major Jet Order Strengthens Turnaround and Backlog

GE Aerospace EPS Tops Estimates With 9.1% Revenue Growth and Margin Questions in Focus

Karman Holdings Inc. to Report Q1, 2026 Results on May 12, 2026