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U.S. Aerospace & Defense Industry Analysis

UpdatedSep 19, 2025
DataAggregated Company Financials
Companies85
  • 7D2.2%
  • 3M13.0%
  • 1Y34.0%
  • YTD38.2%

The Aerospace & Defense industry is up 1.8% in the last week, with General Electric up 2.1%. During this same period, the Boeing underperformed, falling 5.7%. This means that the industry has gained 34% over the past year. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Sep 2025US$1.2tUS$395.7bUS$31.0b36.9x40.2x3.1x
Sun, 17 Aug 2025US$1.2tUS$394.0bUS$31.0b34.2x38.2x3x
Tue, 15 Jul 2025US$1.2tUS$387.1bUS$29.9b35.4x38.6x3x
Thu, 12 Jun 2025US$1.1tUS$387.0bUS$29.9b34.1x36.4x2.8x
Sat, 10 May 2025US$1.0tUS$386.1bUS$29.4b33.3x34x2.6x
Mon, 07 Apr 2025US$839.1bUS$377.4bUS$28.8b26.5x29.1x2.2x
Wed, 05 Mar 2025US$929.7bUS$376.7bUS$30.1b32.5x30.9x2.5x
Fri, 31 Jan 2025US$931.1bUS$375.7bUS$30.0b34x31x2.5x
Sun, 29 Dec 2024US$891.3bUS$403.7bUS$28.0b33.4x31.9x2.2x
Tue, 26 Nov 2024US$952.0bUS$403.8bUS$27.8b35x34.2x2.4x
Thu, 24 Oct 2024US$937.1bUS$402.3bUS$27.6b34.2x33.9x2.3x
Sat, 21 Sep 2024US$911.0bUS$388.8bUS$23.2b34.4x39.3x2.3x
Mon, 19 Aug 2024US$878.3bUS$388.4bUS$23.2b33x37.8x2.3x
Wed, 17 Jul 2024US$799.7bUS$381.1bUS$24.0b37.5x33.3x2.1x
Fri, 14 Jun 2024US$791.8bUS$381.1bUS$23.9b31.9x33.2x2.1x
Sun, 12 May 2024US$812.4bUS$380.8bUS$23.8b31.5x34.1x2.1x
Tue, 09 Apr 2024US$778.5bUS$371.9bUS$27.6b32.3x28.2x2.1x
Thu, 07 Mar 2024US$582.1bUS$303.9bUS$18.7b31.7x31.1x1.9x
Sat, 03 Feb 2024US$579.9bUS$306.9bUS$18.1b31.2x32x1.9x
Mon, 01 Jan 2024US$580.4bUS$302.1bUS$20.9b28.4x27.8x1.9x
Wed, 29 Nov 2023US$556.0bUS$301.6bUS$20.9b27.7x26.6x1.8x
Fri, 27 Oct 2023US$539.4bUS$299.7bUS$20.0b28x27x1.8x
Sun, 24 Sep 2023US$515.1bUS$305.9bUS$22.6b24.8x22.8x1.7x
Tue, 22 Aug 2023US$552.9bUS$305.7bUS$22.8b25.3x24.3x1.8x
Thu, 20 Jul 2023US$570.2bUS$299.3bUS$23.0b26.5x24.8x1.9x
Sat, 17 Jun 2023US$574.9bUS$300.3bUS$21.9b25.7x26.3x1.9x
Mon, 15 May 2023US$556.2bUS$300.1bUS$21.8b24.3x25.5x1.9x
Wed, 12 Apr 2023US$585.3bUS$294.7bUS$21.8b24.1x26.8x2x
Fri, 10 Mar 2023US$575.1bUS$294.6bUS$21.7b24x26.5x2x
Sun, 05 Feb 2023US$574.5bUS$292.0bUS$22.2b24.8x25.9x2x
Tue, 03 Jan 2023US$601.1bUS$287.1bUS$22.2b24.4x27.1x2.1x
Thu, 01 Dec 2022US$601.7bUS$286.9bUS$22.4b31.9x26.8x2.1x
Sat, 29 Oct 2022US$598.5bUS$282.7bUS$22.0b29.6x27.2x2.1x
Mon, 26 Sep 2022US$524.1bUS$280.6bUS$21.7b24.4x24.2x1.9x
Price to Earnings Ratio

24.2x


Total Market Cap: US$524.1bTotal Earnings: US$21.7bTotal Revenue: US$280.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace & Defense Industry Price to Earnings3Y Average 30.5x202320242025
Current Industry PE
  • Investors are optimistic on the American Aerospace & Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 40.5x which is higher than its 3-year average PE of 30.5x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 13% 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 Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market0.71%
Industrials0.24%
Aerospace & Defense2.17%
Aerospace and Defense2.17%
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$297.095.5%
+US$16.5b		59.6%PE41.5x
HWM Howmet AerospaceUS$191.844.1%
+US$3.1b		96.9%PE55.4x
KTOS Kratos Defense & Security SolutionsUS$80.6519.2%
+US$2.2b		253.7%PE938.8x
AVAV AeroVironmentUS$283.4317.2%
+US$2.1b		57.7%PS13x
AXON Axon EnterpriseUS$766.472.0%
+US$1.2b		96.7%PE184.4x

Latest News

GE
US$297.09
General Electric
7D
5.5%
1Y
59.6%
NOC
US$573.75
Northrop Grumman
7D
-1.6%
1Y
9.9%
TDG
US$1,286.12
TransDigm Group
7D
-0.6%
1Y
-7.5%
RKLB
US$47.18
Rocket Lab
7D
-2.6%
1Y
558.0%
BA
US$215.66
Boeing
7D
-2.0%
1Y
39.5%
KTOS
US$80.65
Kratos Defense & Security Solutions
7D
19.2%
1Y
253.7%
AVAV
US$283.43
AeroVironment
7D
17.2%
1Y
57.7%
GD
US$324.57
General Dynamics
7D
-1.5%
1Y
6.5%
HII
US$274.69
Huntington Ingalls Industries
7D
-0.5%
1Y
2.5%

Rising US Defense Budgets Will Boost Unmanned Maritime Systems Deployment

Analysts have raised their price target on Huntington Ingalls Industries to $291.90, citing improving U.S. defense budget trends, robust Navy ship demand, better contract terms, and enhanced operational execution. Analyst Commentary Bullish analysts see more positive U.S. defense budget trends and anticipate Q2 reporting may catalyze a performance inflection for defense stocks.
RTX
US$158.19
RTX
7D
0.3%
1Y
33.1%

Global Defense Spending And International Contracts Will Shape Aerospace Potential

The slight increase in RTX’s price target reflects improved Q2 results, a more favorable tariff outlook, and strong long-term defense tailwinds, with the consensus analyst fair value rising modestly from $163.84 to $164.58. Analyst Commentary Bullish analysts raised price targets after RTX posted better-than-expected Q2 2025 earnings results, driven by broad-based strength across all major operating segments.
ATI
US$80.48
ATI
7D
5.9%
1Y
24.4%
AXON
US$766.47
Axon Enterprise
7D
2.0%
1Y
96.7%
LMT
US$473.62
Lockheed Martin
7D
0.6%
1Y
-16.2%
MOG.A
US$199.74
Moog
7D
-0.8%
1Y
-2.2%
HWM
US$191.84
Howmet Aerospace
7D
4.1%
1Y
96.9%
SPR
US$38.60
Spirit AeroSystems Holdings
7D
-1.6%
1Y
17.7%