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U.S. Aerospace and Defense Industry Analysis

UpdatedAug 22, 2026
DataAggregated Company Financials
Companies109
  • 7D-6.4%
  • 3M4.9%
  • 1Y20.3%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has dropped 6.4%, driven by pullbacks in General Electric and RTX of 5.4% and 5.9%, respectively. Over the past 12 months, the industry was up 20%. Looking forward, 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
Sun, 23 Aug 2026US$1.7tUS$546.3bUS$40.3b40.3x43.4x3.2x
Tue, 21 Jul 2026US$1.7tUS$532.9bUS$37.5b37.7x44.8x3.1x
Thu, 18 Jun 2026US$1.8tUS$530.2bUS$37.1b40.3x49.3x3.5x
Sat, 16 May 2026US$1.6tUS$529.1bUS$37.6b34.3x43.7x3.1x
Mon, 13 Apr 2026US$1.6tUS$511.7bUS$36.3b38.6x45.3x3.2x
Wed, 11 Mar 2026US$1.7tUS$511.1bUS$35.4b43.2x48.9x3.4x
Fri, 06 Feb 2026US$1.6tUS$509.4bUS$35.5b40.1x45.9x3.2x
Sun, 04 Jan 2026US$1.4tUS$410.0bUS$32.0b39.3x43.5x3.4x
Tue, 02 Dec 2025US$1.3tUS$409.5bUS$32.4b37.8x40x3.2x
Thu, 30 Oct 2025US$1.4tUS$406.9bUS$32.5b41x41.8x3.3x
Sat, 27 Sep 2025US$1.3tUS$395.8bUS$31.0b38.1x40.8x3.2x
Mon, 25 Aug 2025US$1.2tUS$394.0bUS$31.0b34.7x38.6x3x
Wed, 23 Jul 2025US$1.2tUS$391.2bUS$31.1b35.1x38x3x
Fri, 20 Jun 2025US$1.1tUS$387.0bUS$29.9b34.2x36.8x2.8x
Sun, 18 May 2025US$1.0tUS$386.7bUS$30.0b33.9x35x2.7x
Tue, 15 Apr 2025US$922.8bUS$377.4bUS$28.8b29.8x32.1x2.4x
Thu, 13 Mar 2025US$916.6bUS$377.0bUS$30.1b31.7x30.5x2.4x
Sat, 08 Feb 2025US$942.9bUS$375.6bUS$29.9b33.1x31.6x2.5x
Mon, 06 Jan 2025US$889.1bUS$403.7bUS$28.0b33.4x31.8x2.2x
Wed, 04 Dec 2024US$936.5bUS$403.6bUS$28.0b35.1x33.5x2.3x
Fri, 01 Nov 2024US$902.1bUS$403.1bUS$27.7b32.5x32.6x2.2x
Sun, 29 Sep 2024US$920.0bUS$388.9bUS$23.3b34.6x39.5x2.4x
Tue, 27 Aug 2024US$882.7bUS$388.4bUS$23.2b33.7x38x2.3x
Thu, 25 Jul 2024US$833.8bUS$382.7bUS$23.8b34.1x35x2.2x
Sat, 22 Jun 2024US$807.2bUS$381.1bUS$23.9b32.2x33.8x2.1x
Mon, 20 May 2024US$806.8bUS$380.8bUS$23.8b30.8x33.9x2.1x
Wed, 17 Apr 2024US$762.1bUS$371.9bUS$27.6b30.7x27.6x2x
Fri, 15 Mar 2024US$583.5bUS$303.9bUS$18.6b31.2x31.4x1.9x
Sun, 11 Feb 2024US$566.0bUS$302.8bUS$18.4b29.7x30.8x1.9x
Tue, 09 Jan 2024US$575.2bUS$302.1bUS$20.9b27.4x27.5x1.9x
Thu, 07 Dec 2023US$568.2bUS$301.7bUS$20.9b28x27.2x1.9x
Sat, 04 Nov 2023US$555.5bUS$301.2bUS$20.6b28.5x27x1.8x
Mon, 02 Oct 2023US$518.8bUS$306.0bUS$22.5b26.4x23x1.7x
Wed, 30 Aug 2023US$554.8bUS$305.8bUS$22.8b25.6x24.3x1.8x
Price to Earnings Ratio

24.3x


Total Market Cap: US$554.8bTotal 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 36.2x202420252026
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 43.4x which is higher than its 3-year average PE of 36.2x.
  • 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 Market-1.53%
Industrials-3.83%
Aerospace & Defense-6.43%
Aerospace and Defense-6.43%
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
AXON Axon EnterpriseUS$627.752.4%
+US$1.2b		-18.1%PE255.9x
NPK National Presto IndustriesUS$149.957.2%
+US$72.0m		36.5%PE25x
FJET Starfighters SpaceUS$3.90-8.0%
US$27.2m		n/aPB7.2x
SWMR SwarmerUS$42.492.1%
+US$10.3m		n/aPS1655.3x
SIF SIFCO IndustriesUS$21.025.1%
+US$6.4m		196.1%PE33.6x

Latest News

AXON
US$627.75
Axon Enterprise
7D
2.4%
1Y
-18.1%
SWMR
US$42.49
Swarmer
7D
2.1%
1Y
n/a
RTX
US$209.91
RTX
7D
-5.9%
1Y
34.4%
HWM
US$271.68
Howmet Aerospace
7D
-6.1%
1Y
58.9%
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.
BA
US$214.20
Boeing
7D
-7.5%
1Y
-6.9%
NOC
US$551.03
Northrop Grumman
7D
-5.9%
1Y
-7.0%
LHX
US$266.73
L3Harris Technologies
7D
-8.6%
1Y
-3.3%
RKLB
US$72.57
Rocket Lab
7D
-9.6%
1Y
63.5%
Narrative Update • Aug 18

RKLB: Defense Contract Execution Will Test Vertically Integrated Platform Narrative

Rocket Lab's updated analyst price target has moved higher to $70.66 from $66.70, as analysts point to expanding national security contracts, the planned Iridium acquisition, and progress on the Neutron launch vehicle as key supports for the revised valuation assumptions. Analyst Commentary Recent Street research on Rocket Lab shows a broadly constructive view, with several firms lifting price targets and highlighting contract wins, backlog growth, and the planned Iridium acquisition.
GE
US$348.37
General Electric
7D
-5.4%
1Y
30.7%
FJET
US$3.90
Starfighters Space
7D
-8.0%
1Y
n/a
NPK
US$149.95
National Presto Industries
7D
7.2%
1Y
36.5%
LMT
US$563.57
Lockheed Martin
7D
-7.4%
1Y
26.3%
SIF
US$21.02
SIFCO Industries
7D
5.1%
1Y
196.1%
DUKR
US$5.55
DUKE Robotics
7D
0.4%
1Y
-34.9%