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U.S. Aerospace & Defense Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies102
  • 7D0.4%
  • 3M-4.4%
  • 1Y26.7%
  • YTD3.1%

Last week, the Aerospace & Defense industry hasn't moved much but General Electric is up 4.0% in that time. As for the the longer term, the industry is up 27% over the past 12 months. 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
Thu, 11 Jun 2026US$1.7tUS$530.2bUS$37.1b39.2x44.8x3.1x
Sat, 09 May 2026US$1.6tUS$528.8bUS$37.8b36.9x43.3x3.1x
Mon, 06 Apr 2026US$1.6tUS$511.7bUS$36.3b35.9x43.8x3.1x
Wed, 04 Mar 2026US$1.8tUS$511.1bUS$35.6b44.7x50.1x3.5x
Fri, 30 Jan 2026US$1.7tUS$508.9bUS$35.4b41.5x47x3.3x
Sun, 28 Dec 2025US$1.4tUS$410.0bUS$32.0b37.7x42.9x3.4x
Tue, 25 Nov 2025US$1.3tUS$409.3bUS$32.3b36.6x38.9x3.1x
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
Price to Earnings Ratio

26.3x


Total Market Cap: US$574.9bTotal 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 34.8x202420252026
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 44.8x which is higher than its 3-year average PE of 34.8x.
  • 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 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 Market-3.33%
Industrials-0.29%
Aerospace & Defense0.39%
Aerospace and Defense0.39%
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
RTX RTXUS$177.412.8%
+US$6.5b		25.1%PE32.9x
GE General ElectricUS$318.711.3%
+US$4.2b		29.8%PE38.8x
LMT Lockheed MartinUS$525.022.5%
+US$3.0b		15.0%PE25.3x
NOC Northrop GrummanUS$542.143.1%
+US$2.3b		11.0%PE16.8x
CRS Carpenter TechnologyUS$523.057.4%
+US$1.8b		113.4%PE54.3x

Latest News

CRS
US$523.05
Carpenter Technology
7D
7.4%
1Y
113.4%
BA
US$209.00
Boeing
7D
-0.8%
1Y
-2.3%
LMT
US$525.02
Lockheed Martin
7D
2.5%
1Y
15.0%
NOC
US$542.14
Northrop Grumman
7D
3.1%
1Y
11.0%
GD
US$341.07
General Dynamics
7D
1.2%
1Y
23.7%
FTAI
US$225.76
FTAI Aviation
7D
-8.6%
1Y
87.6%
LUNR
US$26.54
Intuitive Machines
7D
-21.6%
1Y
136.5%
Seeking Alpha • Jun 09

Intuitive Machines: A Classic Inflection Opportunity, Buy This Panic (Rating Upgrade)

Summary Intuitive Machines offers a high-growth, inflection-point opportunity despite current free cash flow negativity and capital needs. LUNR targets a 'moon-economy' infrastructure, aiming for recurring revenue through space communications and aggressive acquisitions. Management expects revenue to approach $1 billion in 2026, driven by acquisitions, with projected 350% y/y growth but limited organic growth clarity. At 6x forward sales and approaching EBITDA profitability, LUNR is attractively priced, but prudent position sizing is essential due to volatility and capital-raising risks. Read the full article on Seeking Alpha
RKLB
US$105.05
Rocket Lab
7D
-8.4%
1Y
284.0%
Narrative Update • Jun 08

RKLB: National Security Space Backlog Will Drive Future Earnings Power

Rocket Lab's analyst price target has shifted from $105.00 to about $149.03 as analysts point to industry launch under supply, an expanding backlog, infrastructure advantages, and a core business that is closer to profitability. Analyst Commentary Bullish analysts have been steadily lifting their fair value estimates for Rocket Lab, pointing to a mix of execution in the launch business, an expanding backlog, and progress toward a more profitable core operation.
AXON
US$447.59
Axon Enterprise
7D
-7.0%
1Y
-42.5%
ACHR
US$5.05
Archer Aviation
7D
-22.7%
1Y
-58.5%
WWD
US$367.27
Woodward
7D
4.9%
1Y
57.6%
HEI
US$320.88
HEICO
7D
-2.5%
1Y
6.2%
FLY
US$33.42
Firefly Aerospace
7D
-16.0%
1Y
n/a
Seeking Alpha • Jun 06

Firefly Aerospace: A Discounted Space And Defense Platform

Summary Firefly is rated BUY with a 12-month price target of $53, reflecting a significant discount to fair value after recent share price weakness. FLY's diversified platform now spans launch vehicles, lunar landers, and AI-enabled defense software, with the SciTec acquisition adding recurring, stable government contract revenue. Record Q1 revenue of $80.9 million and reaffirmed 2026 guidance of $420–$450 million, with 80% of sales already booked and a $1.3 billion backlog, support the growth thesis. FLY trades at ~14x 2026 sales guidance versus RocketLab's 70x, with defense contracts and successful lunar missions offering upside despite execution and launch cadence risks. Read the full article on Seeking Alpha
ATI
US$183.37
ATI
7D
1.9%
1Y
118.6%
Narrative Update • Jun 05

ATI: Higher Margins And Buybacks Will Support A More Demanding Future Profile

ATI's analyst price target has been revised higher by several firms, with recent Street research pointing to increased confidence around the company's revenue growth, profit margin profile and P/E assumptions, which together support a refreshed target near $170. Analyst Commentary Recent research has centered on how ATI's updated price targets line up with assumptions for revenue growth, profit margins and P/E, and whether the stock already reflects those expectations.
RTX
US$177.41
RTX
7D
2.8%
1Y
25.1%
GE
US$318.71
General Electric
7D
1.3%
1Y
29.8%