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U.S. Aerospace & Defense Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies90
  • 7D-0.7%
  • 3M9.2%
  • 1Y33.3%
  • YTD44.0%

Over the last 7 days, the Aerospace & Defense industry has dropped 1.6%, driven by Axon Enterprise declining 19%. In the past year, the industry has gained 31%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Nov 2025US$1.3tUS$408.9bUS$32.1b38.8x41.3x3.2x
Fri, 10 Oct 2025US$1.4tUS$398.7bUS$31.4b39.2x43.1x3.4x
Sun, 07 Sep 2025US$1.2tUS$395.4bUS$31.1b34.3x39.2x3.1x
Tue, 05 Aug 2025US$1.2tUS$393.1bUS$31.4b36.3x37.9x3x
Thu, 03 Jul 2025US$1.1tUS$387.1bUS$29.9b35.1x37.9x2.9x
Sat, 31 May 2025US$1.1tUS$386.8bUS$30.0b33.7x35.8x2.8x
Mon, 28 Apr 2025US$941.2bUS$381.1bUS$28.8b31.5x32.6x2.5x
Wed, 26 Mar 2025US$956.6bUS$377.2bUS$28.9b33.3x33.1x2.5x
Fri, 21 Feb 2025US$924.5bUS$376.2bUS$30.0b34.2x30.8x2.5x
Sun, 19 Jan 2025US$924.0bUS$403.9bUS$27.9b34.3x33.1x2.3x
Tue, 17 Dec 2024US$898.2bUS$403.7bUS$27.9b35x32.1x2.2x
Thu, 14 Nov 2024US$966.7bUS$403.4bUS$27.9b35.9x34.6x2.4x
Sat, 12 Oct 2024US$944.2bUS$393.7bUS$23.6b33.8x40x2.4x
Mon, 09 Sep 2024US$865.8bUS$388.8bUS$23.3b32.8x37.2x2.2x
Wed, 07 Aug 2024US$832.7bUS$387.9bUS$23.1b31.5x36.1x2.1x
Fri, 05 Jul 2024US$795.1bUS$381.1bUS$24.0b34.5x33.1x2.1x
Sun, 02 Jun 2024US$817.3bUS$381.1bUS$23.9b31.5x34.3x2.1x
Tue, 30 Apr 2024US$789.4bUS$379.7bUS$23.5b31.4x33.6x2.1x
Thu, 28 Mar 2024US$605.7bUS$303.9bUS$18.8b32.4x32.1x2x
Sat, 24 Feb 2024US$575.5bUS$303.1bUS$18.6b30.7x31x1.9x
Mon, 22 Jan 2024US$577.3bUS$302.1bUS$20.9b29.2x27.6x1.9x
Wed, 20 Dec 2023US$574.7bUS$302.0bUS$20.9b28.4x27.5x1.9x
Fri, 17 Nov 2023US$552.9bUS$301.5bUS$20.7b28.5x26.7x1.8x
Sun, 15 Oct 2023US$540.6bUS$301.2bUS$22.4b25.6x24.1x1.8x
Tue, 12 Sep 2023US$528.5bUS$305.9bUS$22.9b24.8x23.1x1.7x
Thu, 10 Aug 2023US$562.8bUS$305.7bUS$22.8b25.9x24.7x1.8x
Sat, 08 Jul 2023US$574.0bUS$297.5bUS$21.7b25.3x26.4x1.9x
Mon, 05 Jun 2023US$558.5bUS$300.3bUS$21.9b24x25.6x1.9x
Wed, 03 May 2023US$567.6bUS$297.8bUS$22.0b22.7x25.7x1.9x
Fri, 31 Mar 2023US$574.0bUS$294.7bUS$21.8b24x26.3x1.9x
Sun, 26 Feb 2023US$588.3bUS$292.6bUS$21.8b23.4x27x2x
Tue, 24 Jan 2023US$565.8bUS$287.0bUS$22.2b25.1x25.5x2x
Thu, 22 Dec 2022US$599.3bUS$287.1bUS$22.4b24.5x26.8x2.1x
Sat, 19 Nov 2022US$588.1bUS$284.2bUS$22.0b31.8x26.7x2.1x
Price to Earnings Ratio

26.7x


Total Market Cap: US$588.1bTotal Earnings: US$22.0bTotal Revenue: US$284.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace & Defense Industry Price to Earnings3Y Average 31.4x202320242025
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 41.3x which is higher than its 3-year average PE of 31.4x.
  • 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 13% 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 Market0.93%
Industrials0.50%
Aerospace & Defense-0.71%
Aerospace and Defense-0.71%
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$310.722.1%
+US$6.9b		70.1%PE40.7x
RTX RTXUS$179.222.1%
+US$4.8b		45.3%PE36.5x
GD General DynamicsUS$352.422.6%
+US$2.4b		12.9%PE22.6x
LHX L3Harris TechnologiesUS$301.683.6%
+US$2.0b		15.3%PE32.1x
HEI HEICOUS$328.954.0%
+US$1.8b		24.8%PE71.4x

Latest News

HWM
US$208.90
Howmet Aerospace
7D
1.9%
1Y
83.9%
LHX
US$301.68
L3Harris Technologies
7D
3.6%
1Y
15.3%
CW
US$575.18
Curtiss-Wright
7D
-1.8%
1Y
49.1%

Earnings Update: Curtiss-Wright Corporation (NYSE:CW) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Nov 09
Earnings Update: Curtiss-Wright Corporation (NYSE:CW) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
HEI
US$328.95
HEICO
7D
4.0%
1Y
24.8%

Here's Why HEICO (NYSE:HEI) Has Caught The Eye Of Investors

Nov 09
Here's Why HEICO (NYSE:HEI) Has Caught The Eye Of Investors
AXON
US$572.18
Axon Enterprise
7D
-19.0%
1Y
-3.9%
NOC
US$566.74
Northrop Grumman
7D
-1.8%
1Y
6.7%
KTOS
US$76.59
Kratos Defense & Security Solutions
7D
-15.1%
1Y
181.0%

KTOS: New Long-Term Defense Contracts Will Drive Sustained Upside Momentum

Kratos Defense & Security Solutions saw its analyst price target rise from approximately $93 to $100 per share, as analysts cite the company’s expanding growth prospects, successful contract wins, and increased revenue guidance as the foundation for heightened optimism. Analyst Commentary Coverage by Wall Street firms has intensified in recent months, reflecting increasing attention on the company’s performance and future prospects.
KRMN
US$69.38
Karman Holdings
7D
-18.1%
1Y
n/a
BA
US$195.21
Boeing
7D
-1.4%
1Y
34.5%
CRS
US$322.62
Carpenter Technology
7D
5.3%
1Y
82.6%

CRS: Share Buyback And S&P Index Addition Will Drive Bullish Momentum

Analysts have raised their price target for Carpenter Technology from $338.10 to $376.10, citing improvements in revenue growth and profit margins as key factors behind the increased valuation. What's in the News Completed repurchase of 775,000 shares for $150.99 million under the buyback announced on July 25, 2024 (Key Developments) Issued new earnings guidance, projecting fiscal year 2026 operating income of $660 million to $700 million, which represents a 26% to 33% increase over 2025, and targeting up to $800 million for 2027 (Key Developments) Added to the S&P Aerospace & Defense Select Industry Index (Key Developments) Valuation Changes Consensus Analyst Price Target has increased from $338.10 to $376.10.
GD
US$352.42
General Dynamics
7D
2.6%
1Y
12.9%

GD: Defense Demand And Marine Opportunities Will Drive Measured Upside Amid Policy Risks

General Dynamics' analyst price target was raised from approximately $354 to $379. Analysts cited the company's solid quarterly performance and increased growth opportunities in several divisions.
LMT
US$457.07
Lockheed Martin
7D
-5.8%
1Y
-19.2%

LMT: Future Results Will Reflect Order Momentum Amid Ongoing Execution Risks

Lockheed Martin's analyst price target has risen from $516.56 to $526.88. This change reflects analysts' optimism following robust order activity, an improved revenue growth outlook, and ongoing monitoring of operational performance.
GE
US$310.72
General Electric
7D
2.1%
1Y
70.1%

GE: Aerospace Engine Demand Will Drive Strong Upside as Production Expands

General Electric’s analyst price target has increased from $327.29 to $343.57, as analysts cite improved commercial engine prospects and a more favorable outlook. This supports a higher valuation.
TDG
US$1,294.00
TransDigm Group
7D
2.2%
1Y
-5.1%

TDG: Aftermarket Demand And Acquisition Capacity Will Drive Shares Higher

Analysts have reduced their price targets for TransDigm Group. Recent estimates have moved from a range of about $1,730 to $1,385 per share, citing factors including compressed valuation multiples, shifting after-market demand, and a more uncertain outlook for large acquisitions.
RTX
US$179.22
RTX
7D
2.1%
1Y
45.3%

RTX: Missile Demand And Renewed Investment List Inclusion Will Drive Near-Term Performance

Analysts have raised their fair value estimate for RTX from $175.33 to $192.06, citing continued inclusion on top investment lists and optimism about the company's updated outlook. Analyst Commentary Recent changes in investment list inclusions have prompted renewed focus on RTX's market position and future prospects.
AVAV
US$328.09
AeroVironment
7D
-10.1%
1Y
50.5%

AVAV: Expanding Defense Programs And New Contracts Will Shape Future Performance

AeroVironment's analyst price target has increased from $384 to $409, as analysts cite the company's expanding addressable market, accelerated revenue growth expectations, and successful portfolio diversification as key drivers for improved valuation. Analyst Commentary Analysts have weighed in on AeroVironment's recent performance and outlook, revealing both optimism and areas of caution regarding the company's future growth, execution, and valuation prospects.