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U.S. Aerospace & Defense Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies103
  • 7D3.9%
  • 3M2.3%
  • 1Y31.0%
  • YTD8.2%

In the last week, the Aerospace & Defense industry is up 3.9%, with General Electric up 6.4%. In the last 12 months, the industry was up 31%. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026US$1.8tUS$530.2bUS$37.1b39.9x48.9x3.4x
Fri, 15 May 2026US$1.7tUS$529.1bUS$37.8b35.4x43.8x3.1x
Sun, 12 Apr 2026US$1.6tUS$511.7bUS$36.3b38.6x45.3x3.2x
Tue, 10 Mar 2026US$1.7tUS$511.1bUS$35.6b44x48.6x3.4x
Thu, 05 Feb 2026US$1.7tUS$509.4bUS$35.5b39.7x47.2x3.3x
Sat, 03 Jan 2026US$1.3tUS$410.0bUS$32.0b39.3x42.1x3.3x
Mon, 01 Dec 2025US$1.3tUS$409.5bUS$32.4b38.3x40x3.2x
Wed, 29 Oct 2025US$1.4tUS$406.8bUS$32.5b40.6x42.1x3.4x
Fri, 26 Sep 2025US$1.3tUS$395.8bUS$31.0b37.6x41x3.2x
Sun, 24 Aug 2025US$1.2tUS$394.0bUS$31.0b34.7x38.6x3x
Tue, 22 Jul 2025US$1.2tUS$389.2bUS$30.6b35.9x38.8x3.1x
Thu, 19 Jun 2025US$1.1tUS$387.0bUS$29.9b34.2x37.1x2.9x
Sat, 17 May 2025US$1.0tUS$386.7bUS$30.0b33.9x34.8x2.7x
Mon, 14 Apr 2025US$922.5bUS$377.4bUS$28.8b29.2x32x2.4x
Wed, 12 Mar 2025US$919.9bUS$376.9bUS$30.1b31.2x30.6x2.4x
Fri, 07 Feb 2025US$947.2bUS$375.6bUS$29.9b33.3x31.7x2.5x
Sun, 05 Jan 2025US$889.1bUS$403.7bUS$28.0b33.4x31.8x2.2x
Tue, 03 Dec 2024US$955.3bUS$403.8bUS$27.8b34.9x34.3x2.4x
Thu, 31 Oct 2024US$916.2bUS$402.9bUS$27.7b34.4x33.1x2.3x
Sat, 28 Sep 2024US$916.1bUS$388.9bUS$23.3b34.6x39.4x2.4x
Mon, 26 Aug 2024US$882.7bUS$388.4bUS$23.2b33.7x38x2.3x
Wed, 24 Jul 2024US$813.4bUS$381.3bUS$24.0b38.2x33.9x2.1x
Fri, 21 Jun 2024US$804.8bUS$381.1bUS$23.9b32.4x33.7x2.1x
Sun, 19 May 2024US$806.8bUS$380.8bUS$23.8b30.8x33.9x2.1x
Tue, 16 Apr 2024US$765.4bUS$371.9bUS$27.6b30x27.7x2.1x
Thu, 14 Mar 2024US$582.1bUS$303.9bUS$18.7b31.4x31.2x1.9x
Sat, 10 Feb 2024US$566.0bUS$302.8bUS$18.4b29.7x30.8x1.9x
Mon, 08 Jan 2024US$575.2bUS$302.1bUS$20.9b27.1x27.5x1.9x
Wed, 06 Dec 2023US$571.7bUS$301.6bUS$20.9b27.9x27.4x1.9x
Fri, 03 Nov 2023US$546.8bUS$301.1bUS$20.5b28.5x26.6x1.8x
Sun, 01 Oct 2023US$518.8bUS$306.0bUS$22.5b26.4x23x1.7x
Tue, 29 Aug 2023US$551.1bUS$305.7bUS$22.8b25.4x24.2x1.8x
Thu, 27 Jul 2023US$562.1bUS$302.3bUS$23.0b26.6x24.5x1.9x
Sat, 24 Jun 2023US$568.3bUS$297.4bUS$21.9b24.8x26x1.9x
Price to Earnings Ratio

26x


Total Market Cap: US$568.3bTotal 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 48.9x 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 3.4x.
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 Market2.32%
Industrials2.32%
Aerospace & Defense3.86%
Aerospace and Defense3.86%
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$351.736.4%
+US$22.2b		49.2%PE42.9x
BA BoeingUS$227.496.1%
+US$10.2b		13.6%PE93.3x
HWM Howmet AerospaceUS$277.427.9%
+US$8.1b		61.2%PE63.7x
RTX RTXUS$186.772.9%
+US$7.0b		25.8%PE34.7x
GD General DynamicsUS$364.115.3%
+US$5.0b		29.4%PE22.6x

Latest News

FTAI
US$268.52
FTAI Aviation
7D
18.9%
1Y
106.4%
GD
US$364.11
General Dynamics
7D
5.3%
1Y
29.4%
TDG
US$1,301.20
TransDigm Group
7D
3.5%
1Y
-8.7%
RKLB
US$104.63
Rocket Lab
7D
-3.3%
1Y
296.0%
Analysis Article • 14h

Rocket Lab (RKLB) Stock Could Be 28.5% Overvalued After Its Strong Run

Recent Price Moves Put Rocket Lab Stock in Focus Rocket Lab (RKLB) stock has swung sharply, with a gain over the past 3 months and a large 1-year total return, even as the share price declined over the past month. See our latest analysis for Rocket Lab. At a share price of $109.25, Rocket Lab has seen short term share price momentum fade with a 30 day share price return of down 12.44%, even as longer term total shareholder returns have been very strong. If you are looking beyond Rocket Lab...
WWD
US$421.54
Woodward
7D
10.7%
1Y
78.2%
Analysis Article • 23h

Woodward (WWD) Stock Could Be 4.5% Below Fair Value After Strait Of Hormuz Deal

The Trump administration’s newly announced peace deal to reopen the Strait of Hormuz has put Woodward (WWD) in focus, as investors rethink demand for aerospace equipment tied to commercial air travel routes. See our latest analysis for Woodward. Beyond the peace deal headlines, Woodward’s share price has been strong, with a 1-day share price return of 4.05% and a year-to-date share price return of 29.48%. The 1-year total shareholder return of 72% and 3-year total shareholder return above...
RDW
US$13.50
Redwire
7D
-14.3%
1Y
-19.2%
AVAV
US$166.71
AeroVironment
7D
-5.6%
1Y
-11.7%
BA
US$227.49
Boeing
7D
6.1%
1Y
13.6%
Narrative Update • Jun 15

BA: Record Backlog And New China Orders Will Drive Future Upside

Analysts have nudged Boeing's price target slightly higher from $269.52 to $270.00. This reflects updated assumptions around revenue growth, profit margins and the stock's future P/E multiple.
GE
US$351.73
General Electric
7D
6.4%
1Y
49.2%
Narrative Update • Jun 15

GE: Aftermarket Dependence Will Test Execution As Equipment Ramp Progresses

The analyst price target for General Electric has slipped by about $2 to roughly $288, as analysts trim fair value and profitability assumptions while still pointing to ongoing support from GE Aerospace's reaffirmed services outlook and wider Street coverage that highlights the aftermarket opportunity. Analyst Commentary Recent research paints a mixed picture for GE Aerospace, with some firms highlighting the long runway in services and others trimming expectations and price targets as they reassess risks around growth, execution, and valuation.
AXON
US$435.39
Axon Enterprise
7D
-3.8%
1Y
-44.0%
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.
DRS
US$45.59
Leonardo DRS
7D
-3.7%
1Y
0.6%
HWM
US$277.42
Howmet Aerospace
7D
7.9%
1Y
61.2%
LUNR
US$23.36
Intuitive Machines
7D
-12.0%
1Y
129.9%
RTX
US$186.77
RTX
7D
2.9%
1Y
25.8%
FLY
US$30.95
Firefly Aerospace
7D
-7.4%
1Y
n/a
SWMR
US$41.40
Swarmer
7D
-31.4%
1Y
n/a