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U.S. Aerospace and Defense Industry Analysis

UpdatedOct 14, 2025
DataAggregated Company Financials
Companies88
  • 7D-1.8%
  • 3M10.3%
  • 1Y32.0%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has dropped 1.8%, driven by a pullback from RTX of 5.9%. In contrast, Rocket Lab has gained 12%. In the past year, the industry has gained 32%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Oct 2025US$1.3tUS$398.7bUS$31.3b39.8x41.4x3.3x
Thu, 11 Sep 2025US$1.2tUS$395.7bUS$31.0b34.2x38.9x3x
Sat, 09 Aug 2025US$1.2tUS$393.7bUS$31.0b33.7x38.9x3.1x
Mon, 07 Jul 2025US$1.1tUS$387.1bUS$29.9b35.9x38.2x2.9x
Wed, 04 Jun 2025US$1.1tUS$386.8bUS$30.0b34.1x36.2x2.8x
Fri, 02 May 2025US$952.0bUS$381.1bUS$28.9b31.5x33x2.5x
Sun, 30 Mar 2025US$933.0bUS$377.4bUS$28.8b30.2x32.4x2.5x
Tue, 25 Feb 2025US$899.3bUS$376.2bUS$30.0b32.5x30x2.4x
Thu, 23 Jan 2025US$954.4bUS$403.9bUS$27.9b35.7x34.2x2.4x
Sat, 21 Dec 2024US$873.5bUS$403.7bUS$27.9b33.2x31.3x2.2x
Mon, 18 Nov 2024US$929.8bUS$403.7bUS$27.8b34.1x33.4x2.3x
Wed, 16 Oct 2024US$957.3bUS$393.7bUS$23.6b33.9x40.6x2.4x
Fri, 13 Sep 2024US$879.1bUS$388.8bUS$23.3b33.4x37.8x2.3x
Sun, 11 Aug 2024US$861.4bUS$388.4bUS$23.2b32.5x37.1x2.2x
Tue, 09 Jul 2024US$789.0bUS$381.1bUS$24.0b34.5x32.8x2.1x
Thu, 06 Jun 2024US$810.1bUS$381.1bUS$23.9b32.3x34x2.1x
Sat, 04 May 2024US$795.6bUS$380.4bUS$23.7b29.4x33.6x2.1x
Mon, 01 Apr 2024US$605.8bUS$303.9bUS$18.8b32.4x32.1x2x
Wed, 28 Feb 2024US$574.4bUS$303.5bUS$18.6b31.6x30.9x1.9x
Fri, 26 Jan 2024US$577.5bUS$304.9bUS$20.8b28.8x27.8x1.9x
Sun, 24 Dec 2023US$574.7bUS$302.1bUS$20.9b28.3x27.5x1.9x
Tue, 21 Nov 2023US$552.3bUS$301.6bUS$20.9b27.9x26.5x1.8x
Thu, 19 Oct 2023US$543.3bUS$301.5bUS$22.3b25.7x24.3x1.8x
Sat, 16 Sep 2023US$526.4bUS$305.9bUS$22.9b25.2x23x1.7x
Mon, 14 Aug 2023US$561.7bUS$305.7bUS$22.8b25.9x24.7x1.8x
Wed, 12 Jul 2023US$582.2bUS$298.0bUS$21.6b25.8x26.9x2x
Fri, 09 Jun 2023US$573.0bUS$300.3bUS$21.9b24.6x26.2x1.9x
Sun, 07 May 2023US$561.5bUS$298.4bUS$22.0b22.9x25.5x1.9x
Tue, 04 Apr 2023US$588.5bUS$294.7bUS$21.8b24.4x27x2x
Thu, 02 Mar 2023US$583.5bUS$293.0bUS$21.7b23.5x26.9x2x
Sat, 28 Jan 2023US$576.6bUS$291.9bUS$22.2b25.2x26x2x
Mon, 26 Dec 2022US$595.0bUS$287.1bUS$22.2b24.1x26.8x2.1x
Wed, 23 Nov 2022US$593.2bUS$284.2bUS$22.0b31.7x26.9x2.1x
Fri, 21 Oct 2022US$556.0bUS$281.2bUS$22.8b27.8x24.4x2x
Price to Earnings Ratio

24.4x


Total Market Cap: US$556.0bTotal Earnings: US$22.8bTotal Revenue: US$281.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace and Defense Industry Price to Earnings3Y Average 30.9x202320242025
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 41.4x which is higher than its 3-year average PE of 30.9x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Aerospace and Defense industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 12% 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-1.32%
Industrials-2.20%
Aerospace & Defense-1.81%
Aerospace and Defense-1.81%
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
RKLB Rocket LabUS$68.0310.6%
+US$3.2b		584.4%PS65.3x
TDG TransDigm GroupUS$1.31k2.2%
+US$1.6b		-5.6%PE42.2x
BWXT BWX TechnologiesUS$202.465.8%
+US$1.0b		70.2%PE62.9x
NOC Northrop GrummanUS$626.930.9%
+US$758.9m		19.0%PE22.8x
SARO StandardAeroUS$28.647.9%
+US$699.0m		-11.4%PE72x

Latest News

LHX
US$293.42
L3Harris Technologies
7D
-3.2%
1Y
18.2%
RTX
US$158.85
RTX
7D
-5.9%
1Y
27.4%
KTOS
US$96.28
Kratos Defense & Security Solutions
7D
-7.1%
1Y
280.6%
RKLB
US$65.42
Rocket Lab
7D
11.8%
1Y
562.1%
AVAV
US$409.83
AeroVironment
7D
4.6%
1Y
90.5%
LMT
US$503.83
Lockheed Martin
7D
-2.0%
1Y
-17.5%

Lockheed Martin (NYSE:LMT) Is Increasing Its Dividend To $3.45

Oct 13
Lockheed Martin (NYSE:LMT) Is Increasing Its Dividend To $3.45
BWXT
US$197.37
BWX Technologies
7D
3.1%
1Y
65.4%

Defense Modernization And Nuclear Energy Demand Will Unlock Future Market Potential

Analysts have raised BWX Technologies' fair value price target by $2.10 to $192.10. They cite the company's strong positioning in both nuclear defense and merchant nuclear power markets as key drivers for the upward revision.
LOAR
US$79.80
Loar Holdings
7D
1.2%
1Y
3.5%
GD
US$334.39
General Dynamics
7D
-3.5%
1Y
10.8%

Defense Spending And IT Modernization Will Define Future Markets

The analyst price target for General Dynamics has been raised from $337.94 to $345.41. This reflects optimism after strong Q2 results and improved order flow.
TDG
US$1,293.08
TransDigm Group
7D
0.1%
1Y
-8.4%

Air Travel Demand And OEM Backlogs Will Sustain Future Upside

TransDigm Group's analyst price target has been lowered slightly from approximately $1,608 to $1,586. Analysts cite concerns around compressed EBITDA multiples and reduced Commercial OEM expectations, despite ongoing acquisition capacity and robust after-market fundamentals.
FLY
US$29.88
Firefly Aerospace
7D
2.7%
1Y
n/a
BA
US$215.56
Boeing
7D
-1.9%
1Y
44.7%
SARO
US$27.51
StandardAero
7D
3.8%
1Y
-13.2%
HEI
US$311.36
HEICO
7D
-3.3%
1Y
17.0%
TXT
US$81.74
Textron
7D
-6.4%
1Y
-7.6%
KRMN
US$79.07
Karman Holdings
7D
6.5%
1Y
n/a