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U.S. Aerospace & Defense Industry Analysis

UpdatedMay 22, 2026
DataAggregated Company Financials
Companies102
  • 7D-0.7%
  • 3M-8.9%
  • 1Y29.7%
  • YTD0.7%

Over the last 7 days, the Aerospace & Defense industry has remained flat, although notably General Electric gained 3.5%. The past year has been better, since the industry has gained 30% in that time. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 03 Aug 2023US$556.3bUS$304.8bUS$22.9b26.2x24.3x1.8x
Sat, 01 Jul 2023US$578.0bUS$297.4bUS$21.7b25.4x26.6x1.9x
Mon, 29 May 2023US$546.8bUS$300.3bUS$21.9b23.2x25x1.8x
Price to Earnings Ratio

25x


Total Market Cap: US$546.8bTotal Earnings: US$21.9bTotal Revenue: US$300.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace & Defense Industry Price to Earnings3Y Average 34.5x202420252026
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 43.6x which is higher than its 3-year average PE of 34.5x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & 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 Trends

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

US Market-0.82%
Industrials-2.48%
Aerospace & Defense-0.69%
Aerospace and Defense-0.69%
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$301.763.5%
+US$10.7b		31.0%PE36.8x
TDG TransDigm GroupUS$1.21k2.6%
+US$1.7b		-13.9%PE36.3x
HEI HEICOUS$301.201.4%
+US$565.0m		12.8%PE59x
LMT Lockheed MartinUS$522.790.5%
+US$548.7m		11.1%PE25.1x
DRS Leonardo DRSUS$44.553.9%
+US$450.8m		9.4%PE41x

Latest News

RKLB
US$125.45
Rocket Lab
7D
-5.4%
1Y
385.9%
HII
US$317.55
Huntington Ingalls Industries
7D
-5.8%
1Y
41.5%
NOC
US$551.58
Northrop Grumman
7D
0.5%
1Y
16.6%
CW
US$726.88
Curtiss-Wright
7D
-3.2%
1Y
74.8%
HWM
US$259.89
Howmet Aerospace
7D
-4.6%
1Y
59.4%
Seeking Alpha • May 21

Howmet Aerospace: Upgrade To Buy As Earnings Power Is A Lot Stronger Than I Thought

Summary Howmet Aerospace (HWM) is upgraded to Buy as earnings power and growth momentum strengthen, despite a demanding valuation. Q1 2026 saw revenue up 19% y/y, adj. EBITDA up 32% y/y, and adj. EPS up 42% y/y, driven by commercial aero spares and IGT. Commercial aero spares now comprise a larger, higher-margin revenue share, providing more durable growth less tied to new aircraft production. IGT demand is accelerating, supported by data center and microgrid trends, with capacity expansions positioning HWM for continued multi-year growth. Read the full article on Seeking Alpha
DRS
US$44.55
Leonardo DRS
7D
3.9%
1Y
9.4%
TDG
US$1,209.32
TransDigm Group
7D
2.6%
1Y
-13.9%
FTAI
US$246.46
FTAI Aviation
7D
-4.8%
1Y
118.2%
New Narrative • May 20

Attractive if you believe in prolonged engine shortages and slow fleet renewal

Below is a professional investment memo (buy-side style) on FTAI Aviation Ltd. , built primarily from investor relations materials (IR site, filings, earnings summaries) and then stress‑tested with broader public information to evaluate strengths, risks, competition, and structural/geopolitical exposure.
RTX
US$175.98
RTX
7D
0.2%
1Y
31.3%
BA
US$219.61
Boeing
7D
-4.2%
1Y
8.0%
GE
US$301.76
General Electric
7D
3.5%
1Y
31.0%
LMT
US$522.79
Lockheed Martin
7D
0.5%
1Y
11.1%
ARXS
US$34.59
Arxis
7D
-4.2%
1Y
n/a
BWXT
US$202.52
BWX Technologies
7D
-4.0%
1Y
88.2%
CRS
US$438.32
Carpenter Technology
7D
2.0%
1Y
93.9%
Seeking Alpha • May 10

Carpenter: Waiting For A Dip

Summary Carpenter Technology has delivered exceptional YTD and multi-year returns, driven by strong margin expansion and aerospace & defense demand. CRS guides for FY2024 operating income of $700–$705 million (+33% y/y) and $350 million in adjusted FCF, with continued growth expected into 2027. Despite robust fundamentals and margin gains, CRS trades at a low FCF yield (~1.6%), making shares unattractive for new entrants at current valuations. I recommend holding CRS and waiting for a broader market pullback or improved valuation before considering new positions. Read the full article on Seeking Alpha
HEI
US$301.20
HEICO
7D
1.4%
1Y
12.8%