Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Aerospace & Defense Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies88
  • 7D-1.5%
  • 3M2.2%
  • 1Y29.8%
  • YTD36.3%

Over the last 7 days, the Aerospace & Defense industry has dropped 1.5%, driven by Boeing declining 6.6%. On the other hand Moog is actually up 13%. In the past year, the industry has gained 30%. 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
Tue, 25 Nov 2025US$1.3tUS$409.3bUS$32.3b36.1x38.9x3.1x
Thu, 23 Oct 2025US$1.3tUS$405.3bUS$32.3b37.8x41.3x3.3x
Sat, 20 Sep 2025US$1.3tUS$395.7bUS$31.0b36.4x40.8x3.2x
Mon, 18 Aug 2025US$1.2tUS$394.0bUS$31.0b34.2x38.3x3x
Wed, 16 Jul 2025US$1.2tUS$387.1bUS$29.9b34.2x39.4x3x
Fri, 13 Jun 2025US$1.1tUS$387.0bUS$29.9b34.4x36.7x2.8x
Sun, 11 May 2025US$1.0tUS$386.1bUS$29.4b33.3x34.1x2.6x
Tue, 08 Apr 2025US$839.1bUS$377.4bUS$28.8b26.9x29.1x2.2x
Thu, 06 Mar 2025US$912.8bUS$376.7bUS$30.1b33.2x30.4x2.4x
Sat, 01 Feb 2025US$949.5bUS$375.7bUS$30.0b33.9x31.6x2.5x
Mon, 30 Dec 2024US$891.3bUS$403.7bUS$28.0b33.4x31.9x2.2x
Wed, 27 Nov 2024US$938.3bUS$403.8bUS$27.8b35.6x33.7x2.3x
Fri, 25 Oct 2024US$941.2bUS$402.6bUS$27.7b33.6x34x2.3x
Sun, 22 Sep 2024US$916.0bUS$388.8bUS$23.2b34.4x39.5x2.4x
Tue, 20 Aug 2024US$878.3bUS$388.4bUS$23.2b33.1x37.8x2.3x
Thu, 18 Jul 2024US$816.5bUS$381.1bUS$24.0b37x34x2.1x
Sat, 15 Jun 2024US$791.8bUS$381.1bUS$23.9b31.6x33.2x2.1x
Mon, 13 May 2024US$812.4bUS$380.8bUS$23.8b31.5x34.1x2.1x
Wed, 10 Apr 2024US$778.2bUS$371.9bUS$27.6b31.4x28.2x2.1x
Fri, 08 Mar 2024US$584.3bUS$303.9bUS$18.7b32x31.2x1.9x
Sun, 04 Feb 2024US$579.9bUS$306.9bUS$18.1b31.2x32x1.9x
Tue, 02 Jan 2024US$580.4bUS$302.1bUS$20.9b28.4x27.8x1.9x
Thu, 30 Nov 2023US$556.4bUS$301.6bUS$20.9b27.9x26.7x1.8x
Sat, 28 Oct 2023US$534.7bUS$299.7bUS$20.0b27.8x26.8x1.8x
Mon, 25 Sep 2023US$515.1bUS$305.9bUS$22.6b24.8x22.8x1.7x
Wed, 23 Aug 2023US$555.0bUS$305.7bUS$22.8b25.2x24.3x1.8x
Fri, 21 Jul 2023US$577.3bUS$299.3bUS$23.0b26.8x25.1x1.9x
Sun, 18 Jun 2023US$574.9bUS$300.3bUS$21.9b25.7x26.3x1.9x
Tue, 16 May 2023US$560.5bUS$300.1bUS$21.8b24.4x25.7x1.9x
Thu, 13 Apr 2023US$589.5bUS$294.7bUS$21.8b24.3x27x2x
Sat, 11 Mar 2023US$571.4bUS$294.6bUS$21.7b23.5x26.3x1.9x
Mon, 06 Feb 2023US$574.5bUS$292.0bUS$22.2b24.8x25.9x2x
Wed, 04 Jan 2023US$596.9bUS$287.1bUS$22.2b24.1x26.9x2.1x
Fri, 02 Dec 2022US$602.5bUS$286.9bUS$22.4b32.3x26.9x2.1x
Price to Earnings Ratio

26.9x


Total Market Cap: US$602.5bTotal Earnings: US$22.4bTotal Revenue: US$286.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace & Defense Industry Price to Earnings3Y Average 31.5x202320242025
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 38.9x which is higher than its 3-year average PE of 31.5x.
  • The 3-year average PS ratio of 2.3x 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 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 Market0.77%
Industrials0.30%
Aerospace & Defense-1.47%
Aerospace and Defense-1.47%
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
MOG.A MoogUS$220.8112.7%
+US$786.9m		-1.4%PE29.8x
KRMN Karman HoldingsUS$63.909.6%
+US$743.7m		n/aPE745.9x
KTOS Kratos Defense & Security SolutionsUS$74.115.5%
+US$653.4m		180.6%PE625.6x
TXT TextronUS$82.392.9%
+US$410.6m		-3.9%PE17.5x
NOC Northrop GrummanUS$565.560.4%
+US$361.1m		16.5%PE20.1x

Latest News

TXT
US$82.39
Textron
7D
2.9%
1Y
-3.9%
LHX
US$275.40
L3Harris Technologies
7D
-4.3%
1Y
14.5%

LHX: Earnings Momentum Will Accelerate On Rising Demand For Advanced Defense Systems

The consensus analyst price target for L3Harris Technologies increased from $320 to $350. Analysts cite the company's strong positioning for future contract awards and recent improvements in the aerospace and defense sector outlook as key factors supporting the upward revision.
LMT
US$451.06
Lockheed Martin
7D
-4.2%
1Y
-13.6%
AXON
US$524.60
Axon Enterprise
7D
-3.4%
1Y
-15.3%

AXON: Expanding Into AI And Drones Will Drive Market Share Gains

Axon Enterprise's analyst price target has edged lower by approximately $1 to $822.50. Analysts cite sustained revenue growth and continued expansion opportunities, although recent results have led to more measured expectations.
KTOS
US$74.11
Kratos Defense & Security Solutions
7D
5.5%
1Y
180.6%

KTOS: Multi-Year Defense Pipeline And Recent Acquisitions Will Drive Future Upside

Kratos Defense & Security Solutions saw its analyst price target inch down marginally from $100.00 to $99.80. Analysts cited tempered profit margin and revenue growth expectations while still acknowledging robust deal flow and market opportunities.
GE
US$294.05
General Electric
7D
-2.0%
1Y
63.2%

GE: Urgent Defense Demand Will Drive Aerospace Upside As Production Rises

General Electric's analyst price target has been revised downward from $343.57 to $339.00. This reflects analyst expectations of slightly slower growth and modestly higher discount rates impacting valuation.
NOC
US$565.56
Northrop Grumman
7D
0.4%
1Y
16.5%
MOG.A
US$220.81
Moog
7D
12.7%
1Y
-1.4%
KRMN
US$63.90
Karman Holdings
7D
9.6%
1Y
n/a
HXL
US$72.93
Hexcel
7D
4.3%
1Y
16.4%

HXL: $600M Buyback And Free Cash Flow Confidence Will Steady Shares

Narrative Update on Hexcel Hexcel's analyst price target has increased from $74.57 to $75.79, with analysts citing improved free cash flow projections and ongoing share repurchase plans as key factors supporting the more positive outlook. Analyst Commentary Bullish Takeaways Bullish analysts highlight the recent increase in Hexcel's price target, which reflects growing optimism about the company's medium-term opportunities.
GD
US$338.13
General Dynamics
7D
-1.1%
1Y
20.2%

GD: Rising Defense Demand And Marine Strength Will Drive Quarter Momentum

General Dynamics' analyst price target has been raised by analysts from approximately $379 to just under $381. This change reflects confidence in the company’s solid quarterly performance, expanding balance sheet capacity, and continued growth opportunities across its defense and technology segments.
VSEC
US$174.95
VSE
7D
5.1%
1Y
50.7%
TDG
US$1,335.76
TransDigm Group
7D
-1.1%
1Y
5.8%
RTX
US$173.21
RTX
7D
-1.4%
1Y
46.0%

RTX: Defense Demand And Cybersecurity Developments Will Shape Outlook Amid Recent Stability

Narrative Update: Change in Analyst Price Target for RTX Analysts have maintained RTX's fair value target at $192.06, reflecting continued confidence in the company’s outlook. Updated market assumptions show only minor adjustments to key financial metrics.
BA
US$179.12
Boeing
7D
-6.6%
1Y
17.0%
SARO
US$25.05
StandardAero
7D
2.3%
1Y
-14.7%