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U.S. Aerospace & Defense Industry Analysis

UpdatedJun 16, 2026
DataAggregated Company Financials
Companies102
  • 7D4.0%
  • 3M0.5%
  • 1Y30.1%
  • YTD6.1%

The Aerospace & Defense industry is up 4.0% in the last week, with General Electric up 6.3%. In the last 12 months, the industry was up 30%. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Jun 2026US$1.7tUS$530.2bUS$37.1b39.5x46x3.2x
Thu, 14 May 2026US$1.7tUS$528.9bUS$37.7b35.9x43.8x3.1x
Sat, 11 Apr 2026US$1.7tUS$511.7bUS$36.3b38.6x45.7x3.2x
Mon, 09 Mar 2026US$1.7tUS$511.1bUS$35.6b43.5x48.6x3.4x
Wed, 04 Feb 2026US$1.6tUS$509.4bUS$35.5b40.7x46.4x3.2x
Fri, 02 Jan 2026US$1.3tUS$410.0bUS$32.0b37.3x42.1x3.3x
Sun, 30 Nov 2025US$1.3tUS$409.5bUS$32.4b38.3x40x3.2x
Tue, 28 Oct 2025US$1.4tUS$406.7bUS$32.5b40.9x41.7x3.3x
Thu, 25 Sep 2025US$1.3tUS$395.8bUS$31.0b37.4x41.4x3.2x
Sat, 23 Aug 2025US$1.2tUS$394.0bUS$31.0b34.7x38.6x3x
Mon, 21 Jul 2025US$1.2tUS$389.2bUS$30.6b35.8x38.8x3.1x
Wed, 18 Jun 2025US$1.1tUS$386.9bUS$30.0b33.9x36.7x2.8x
Fri, 16 May 2025US$1.0tUS$386.7bUS$30.0b34.4x33.9x2.6x
Sun, 13 Apr 2025US$923.0bUS$377.4bUS$28.8b29.2x32.1x2.4x
Tue, 11 Mar 2025US$924.5bUS$376.7bUS$30.1b31.2x30.7x2.5x
Thu, 06 Feb 2025US$941.8bUS$375.7bUS$30.0b34x31.4x2.5x
Sat, 04 Jan 2025US$881.3bUS$403.7bUS$28.0b33.4x31.5x2.2x
Mon, 02 Dec 2024US$955.3bUS$403.8bUS$27.8b35.3x34.3x2.4x
Wed, 30 Oct 2024US$926.6bUS$402.9bUS$27.7b34.2x33.5x2.3x
Fri, 27 Sep 2024US$922.7bUS$388.9bUS$23.3b34.3x39.6x2.4x
Sun, 25 Aug 2024US$882.7bUS$388.4bUS$23.2b33.7x38x2.3x
Tue, 23 Jul 2024US$802.4bUS$381.3bUS$24.0b37.6x33.4x2.1x
Thu, 20 Jun 2024US$804.8bUS$381.1bUS$23.9b32.6x33.7x2.1x
Sat, 18 May 2024US$806.0bUS$380.8bUS$23.8b30.8x33.8x2.1x
Mon, 15 Apr 2024US$765.4bUS$371.9bUS$27.6b30.2x27.7x2.1x
Wed, 13 Mar 2024US$583.1bUS$303.9bUS$18.7b31.2x31.2x1.9x
Fri, 09 Feb 2024US$566.8bUS$302.8bUS$18.4b29.7x30.8x1.9x
Sun, 07 Jan 2024US$575.2bUS$302.1bUS$20.9b27.1x27.5x1.9x
Tue, 05 Dec 2023US$567.2bUS$301.6bUS$20.9b28.5x27.2x1.9x
Thu, 02 Nov 2023US$545.5bUS$300.4bUS$20.6b25.4x26.4x1.8x
Sat, 30 Sep 2023US$519.4bUS$306.0bUS$22.5b26.4x23x1.7x
Mon, 28 Aug 2023US$551.1bUS$305.7bUS$22.8b25.4x24.2x1.8x
Wed, 26 Jul 2023US$562.7bUS$301.3bUS$23.0b26.6x24.5x1.9x
Fri, 23 Jun 2023US$580.3bUS$297.4bUS$21.9b25.2x26.5x2x
Price to Earnings Ratio

26.5x


Total Market Cap: US$580.3bTotal Earnings: US$21.9bTotal Revenue: US$297.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace & Defense Industry Price to Earnings3Y Average 34.9x202420252026
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 46.0x which is higher than its 3-year average PE of 34.9x.
  • The 3-year average PS ratio of 2.5x 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 19% 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 Market2.20%
Industrials2.53%
Aerospace & Defense4.03%
Aerospace and Defense4.03%
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$342.266.3%
+US$21.1b		44.7%PE41.7x
BA BoeingUS$228.956.0%
+US$10.3b		13.5%PE93.9x
HWM Howmet AerospaceUS$270.449.7%
+US$9.6b		57.6%PE62.1x
RTX RTXUS$183.642.8%
+US$6.7b		25.4%PE34.1x
GD General DynamicsUS$359.535.5%
+US$5.0b		28.7%PE22.4x

Latest News

RDW
US$14.83
Redwire
7D
-20.1%
1Y
-27.9%
RKLB
US$109.25
Rocket Lab
7D
-3.9%
1Y
311.5%
AVAV
US$171.95
AeroVironment
7D
-6.9%
1Y
-7.9%
ATRO
US$75.69
Astronics
7D
-10.2%
1Y
119.8%
Seeking Alpha • Jun 15

Astronics: On The Cusp Of A Production And Upgradation Upcycle

Summary Astronics benefits from record backlog, rising bookings, and a broad aircraft production and retrofit upcycle across Boeing, Airbus, and global airlines. Growth in in-flight entertainment and connectivity and premium seat motion systems is accelerating, supported by shorter technology cycles and Astronics’ strong market position with airlines and OEM partners. Higher production volumes should drive operating leverage, supporting a path toward high-teens adjusted EBIT margins as the mix improves toward higher-margin Aerospace systems. Management and key insiders have materially increased their Astronics shareholdings, signaling confidence in the stock's bullish outlook. Astronics trades near peer median 1-yr fwd P/E despite rising earnings expectations, while technicals show a breakout within a broader uptrend. Read the full article on Seeking Alpha
GD
US$359.53
General Dynamics
7D
5.5%
1Y
28.7%
Seeking Alpha • Jun 15

General Dynamics: Impressive Results, Challenging Risk/Reward

Summary General Dynamics Corporation is rated hold with a 12-month price target of $350, reflecting strong fundamentals but a fully valued share price. GD's Q1 2026 results showed 10.3% revenue growth, 12% EPS growth, $2.2B operating cash flow, and a $131B backlog, underscoring robust demand. Valuation at ~22x 2026 EPS guidance assumes successful execution; further upside requires sustained margin expansion, especially in Marine Systems. GD risks include supply chain disruptions and Gulfstream order softness, while upside depends on margin gains and a Gulfstream order rebound. Read the full article on Seeking Alpha
AXON
US$443.21
Axon Enterprise
7D
-5.9%
1Y
-43.2%
Narrative Update • Jun 15

AXON: AI And Public Safety Platform Expansion Will Support Long Term Upside

Axon Enterprise's analyst price target has been reduced by $100 to $825, as analysts incorporate higher discount rates and a lower future P/E multiple, while still reflecting updated assumptions for revenue growth and profit margins. Analyst Commentary Recent Street research on Axon Enterprise has focused on recalibrating price targets, with several firms revising their assumptions around discount rates and future P/E multiples.
HWM
US$270.44
Howmet Aerospace
7D
9.7%
1Y
57.6%
LUNR
US$25.76
Intuitive Machines
7D
-6.2%
1Y
151.8%
CRS
US$563.60
Carpenter Technology
7D
12.9%
1Y
125.8%
RTX
US$183.64
RTX
7D
2.8%
1Y
25.4%
FLY
US$33.36
Firefly Aerospace
7D
-7.8%
1Y
n/a
GE
US$342.26
General Electric
7D
6.3%
1Y
44.7%
BA
US$228.95
Boeing
7D
6.0%
1Y
13.5%
FTAI
US$263.52
FTAI Aviation
7D
14.3%
1Y
112.4%
TDG
US$1,277.35
TransDigm Group
7D
5.9%
1Y
-10.5%
Narrative Update • Jun 07

TDG: Aftermarket Cash Flows And Buybacks Will Support Future Upside

TransDigm Group's updated analyst price target has moved slightly lower to $1,524. This reflects analysts' adjustments to fair value, discount rate, growth assumptions, margins, and future P/E after recent mixed target changes across the Street.
BETA
US$16.66
BETA Technologies
7D
-5.1%
1Y
n/a