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

U.S. Aerospace & Defense Industry Analysis

UpdatedAug 25, 2025
DataAggregated Company Financials
Companies83
  • 7D-0.009%
  • 3M10.7%
  • 1Y31.4%
  • YTD31.5%

The Aerospace & Defense industry has stayed flat over the last week. As for the the longer term, the industry is up 31% over the past 12 months. Looking forward, 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, 26 Aug 2025US$1.2tUS$394.0bUS$31.0b34.7x38.6x3x
Thu, 24 Jul 2025US$1.2tUS$391.2bUS$31.1b36.2x37.3x3x
Sat, 21 Jun 2025US$1.1tUS$387.0bUS$29.9b34.1x36.8x2.8x
Mon, 19 May 2025US$1.0tUS$386.7bUS$30.0b33.9x35x2.7x
Wed, 16 Apr 2025US$932.7bUS$377.4bUS$28.8b29.9x32.4x2.5x
Fri, 14 Mar 2025US$917.5bUS$377.0bUS$30.1b31.3x30.5x2.4x
Sun, 09 Feb 2025US$940.5bUS$375.6bUS$29.9b33.1x31.5x2.5x
Tue, 07 Jan 2025US$889.1bUS$403.7bUS$28.0b33.3x31.8x2.2x
Thu, 05 Dec 2024US$936.7bUS$403.6bUS$28.0b35.6x33.5x2.3x
Sat, 02 Nov 2024US$901.9bUS$403.1bUS$27.7b32.5x32.6x2.2x
Mon, 30 Sep 2024US$920.0bUS$388.9bUS$23.3b34.6x39.5x2.4x
Wed, 28 Aug 2024US$882.3bUS$388.7bUS$23.3b33.7x37.9x2.3x
Fri, 26 Jul 2024US$818.4bUS$384.5bUS$24.0b34.2x34.1x2.1x
Sun, 23 Jun 2024US$807.6bUS$381.1bUS$23.9b32.2x33.8x2.1x
Tue, 21 May 2024US$806.8bUS$380.8bUS$23.8b31.1x33.9x2.1x
Thu, 18 Apr 2024US$765.7bUS$371.8bUS$27.7b30.3x27.7x2.1x
Sat, 16 Mar 2024US$583.8bUS$303.9bUS$18.8b31.5x31.1x1.9x
Mon, 12 Feb 2024US$566.0bUS$302.8bUS$18.4b29.7x30.8x1.9x
Wed, 10 Jan 2024US$574.7bUS$302.1bUS$20.9b27.3x27.5x1.9x
Fri, 08 Dec 2023US$568.4bUS$301.7bUS$20.9b28x27.2x1.9x
Sun, 05 Nov 2023US$555.5bUS$301.2bUS$20.6b28.5x27x1.8x
Tue, 03 Oct 2023US$513.0bUS$301.2bUS$22.4b26.5x22.9x1.7x
Thu, 31 Aug 2023US$560.0bUS$305.8bUS$22.8b25.6x24.5x1.8x
Sat, 29 Jul 2023US$554.1bUS$304.0bUS$22.8b26.1x24.3x1.8x
Mon, 26 Jun 2023US$568.3bUS$297.4bUS$21.9b24.8x26x1.9x
Wed, 24 May 2023US$554.5bUS$300.3bUS$21.9b23.9x25.4x1.8x
Fri, 21 Apr 2023US$592.3bUS$294.9bUS$21.8b22.7x27.2x2x
Sun, 19 Mar 2023US$558.6bUS$294.6bUS$21.7b23.4x25.8x1.9x
Tue, 14 Feb 2023US$589.6bUS$292.2bUS$22.2b25.1x26.6x2x
Thu, 12 Jan 2023US$588.4bUS$287.1bUS$22.2b24.6x26.5x2x
Sat, 10 Dec 2022US$593.1bUS$286.9bUS$22.4b26.3x26.5x2.1x
Mon, 07 Nov 2022US$587.9bUS$283.4bUS$21.9b29.3x26.9x2.1x
Wed, 05 Oct 2022US$536.2bUS$280.7bUS$21.7b25x24.7x1.9x
Fri, 02 Sep 2022US$542.6bUS$280.6bUS$21.7b24.1x25.1x1.9x
Price to Earnings Ratio

25.1x


Total Market Cap: US$542.6bTotal 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 30.2x202320242025
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 38.6x which is higher than its 3-year average PE of 30.2x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 3.0x.
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 Market0.47%
Industrials1.49%
Aerospace & Defense-0.0094%
Aerospace and Defense-0.0094%
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
GD General DynamicsUS$319.611.9%
+US$1.6b		9.8%PE21x
LMT Lockheed MartinUS$446.201.3%
+US$1.3b		-20.1%PE24.8x
NOC Northrop GrummanUS$592.441.3%
+US$1.1b		15.7%PE21.5x
TDG TransDigm GroupUS$1.41k1.3%
+US$1.0b		8.2%PE45.3x
RTX RTXUS$156.240.5%
+US$990.5m		31.6%PE34x

Latest News

NOC
US$592.44
Northrop Grumman
7D
1.3%
1Y
15.7%
BA
US$230.12
Boeing
7D
-1.0%
1Y
32.6%
HWM
US$171.00
Howmet Aerospace
7D
-1.2%
1Y
76.9%
TDG
US$1,408.46
TransDigm Group
7D
1.3%
1Y
8.2%
GD
US$319.61
General Dynamics
7D
1.9%
1Y
9.8%
RTX
US$156.24
RTX
7D
0.5%
1Y
31.6%
SARO
US$27.23
StandardAero
7D
2.5%
1Y
n/a
AVAV
US$239.84
AeroVironment
7D
-2.9%
1Y
35.2%
LHX
US$275.77
L3Harris Technologies
7D
1.4%
1Y
20.4%
DRS
US$41.19
Leonardo DRS
7D
-3.6%
1Y
46.5%
CW
US$480.93
Curtiss-Wright
7D
-2.6%
1Y
53.2%

Rising Defense Budgets And Nuclear Resurgence Will Expand Opportunities

Curtiss-Wright's consensus price target has increased, reflecting slightly higher expectations for both future P/E and revenue growth, with fair value revised upward from $488.83 to $520.33 per share. What's in the News Curtiss-Wright raised full-year 2025 guidance, with sales growth now at 9%-10%, operating income up 15%-18%, and diluted EPS expected at $12.70-$13.00, reflecting 16%-19% growth.
BWXT
US$163.09
BWX Technologies
7D
-4.6%
1Y
60.9%

Defense Modernization And Nuclear Energy Demand Will Unlock Future Market Potential

Analysts have raised their price target for BWX Technologies to $168.33, acknowledging long-term growth prospects from new nuclear opportunities but cautioning that the current valuation is stretched and upside is limited, leading to a Hold rating despite the higher fair value. Analyst Commentary Price target increased to better reflect long-term value from new build commercial nuclear opportunities.
AXON
US$766.24
Axon Enterprise
7D
-3.2%
1Y
112.6%

Next-generation AI And Drones Will Transform Public Safety

Driven by a substantial improvement in net profit margin and a notable reduction in future P/E, analysts have raised Axon Enterprise’s consensus price target from $781.27 to $866.67. What's in the News Axon Enterprise raised full-year 2025 earnings guidance, now projecting revenue of $2.65B to $2.73B, reflecting roughly 29% annual growth at the midpoint, up from prior guidance of $2.60B to $2.70B.
TXT
US$81.53
Textron
7D
3.1%
1Y
-9.5%
LMT
US$446.20
Lockheed Martin
7D
1.3%
1Y
-20.1%
GE
US$266.53
General Electric
7D
-0.7%
1Y
55.7%