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U.S. Aerospace & Defense Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies103
  • 7D1.0%
  • 3M5.4%
  • 1Y31.2%
  • YTD7.4%

Over the last 7 days, the Aerospace & Defense industry has risen 7.4%, driven by gains from General Electric of 7.5%. In the same time, Lockheed Martin was down 6.9%. This takes the industry's 12 month performance to a gain of 33%. 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
Fri, 19 Jun 2026US$1.9tUS$530.2bUS$37.1b40.3x49.8x3.5x
Sun, 17 May 2026US$1.6tUS$529.2bUS$37.5b34.4x42.4x3x
Tue, 14 Apr 2026US$1.6tUS$511.7bUS$36.3b38.9x45.3x3.2x
Thu, 12 Mar 2026US$1.7tUS$511.3bUS$35.4b43.3x48.3x3.3x
Sat, 07 Feb 2026US$1.6tUS$509.8bUS$35.5b41.3x45.6x3.2x
Mon, 05 Jan 2026US$1.4tUS$410.0bUS$32.0b39.3x43.5x3.4x
Wed, 03 Dec 2025US$1.3tUS$409.5bUS$32.4b37.6x38.8x3.1x
Fri, 31 Oct 2025US$1.4tUS$407.0bUS$32.5b38.9x41.9x3.3x
Sun, 28 Sep 2025US$1.3tUS$395.8bUS$31.0b38.1x41.2x3.2x
Tue, 26 Aug 2025US$1.2tUS$394.0bUS$31.0b34.6x38.5x3x
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
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 35x202420252026
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 49.3x which is higher than its 3-year average PE of 35.0x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.5x.
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 Market1.65%
Industrials2.84%
Aerospace & Defense0.98%
Aerospace and Defense0.98%
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$357.647.5%
+US$26.0b		51.6%PE43.6x
HWM Howmet AerospaceUS$277.664.9%
+US$5.2b		63.1%PE63.7x
TDG TransDigm GroupUS$1.33k5.6%
+US$4.0b		-6.1%PE39.9x
FTAI FTAI AviationUS$276.1114.4%
+US$3.6b		112.3%PE54.3x
RKLB Rocket LabUS$107.244.7%
+US$2.8b		257.0%PS91.3x

Latest News

NOC
US$521.50
Northrop Grumman
7D
-5.6%
1Y
5.4%
GD
US$350.01
General Dynamics
7D
-2.5%
1Y
25.7%
GE
US$357.64
General Electric
7D
7.5%
1Y
51.6%
CRS
US$586.47
Carpenter Technology
7D
4.3%
1Y
133.7%
LHX
US$294.82
L3Harris Technologies
7D
-5.6%
1Y
18.5%
TDG
US$1,328.31
TransDigm Group
7D
5.6%
1Y
-6.1%
RTX
US$185.60
RTX
7D
0.8%
1Y
27.2%
Narrative Update • Jun 18

RTX: Defense Contracts And Earnings Execution Will Drive Stock Upside Potential

The updated fair value estimate for RTX moves slightly higher to about $216 per share. This change is supported by analysts highlighting recent rating upgrades, raised Street price targets toward $220, and the potential for positive earnings catalysts in the near term.
WWD
US$430.08
Woodward
7D
11.2%
1Y
80.8%
KTOS
US$54.21
Kratos Defense & Security Solutions
7D
-7.8%
1Y
28.6%
LMT
US$510.95
Lockheed Martin
7D
-6.9%
1Y
9.0%
RKLB
US$107.24
Rocket Lab
7D
4.7%
1Y
257.0%
Seeking Alpha • Jun 17

Rocket Lab: The End Of The SpaceX Proxy

Summary Rocket Lab lost roughly $25 billion in market value despite maintaining strong operational momentum and growth outlook. Q1 revenue surged 63.5% to $200.3 million while backlog doubled to a record $2.2 billion. Neutron could generate $1.0-$1.1 billion annually under a 20-launch scenario, exceeding FY2025 revenue projections. Gross margins reached record levels of 38.2% GAAP and 43% non-GAAP despite heavy investment spending. Management sees a path toward $2-$3 billion annual revenue through Space Systems, Neutron, Electron, and HASTE growth. Read the full article on Seeking Alpha
FTAI
US$276.11
FTAI Aviation
7D
14.4%
1Y
112.3%
AXON
US$423.40
Axon Enterprise
7D
-5.1%
1Y
-45.1%
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$46.08
Leonardo DRS
7D
-7.3%
1Y
4.2%
HWM
US$277.66
Howmet Aerospace
7D
4.9%
1Y
63.1%
TXT
US$89.47
Textron
7D
-4.6%
1Y
16.8%
Narrative Update • Jun 09

TXT: Fair View Will Weigh Separation Plans Against Execution And Margin Delivery

Analysts have raised Textron's average price target by $1, citing recent upward revisions from several firms along with modestly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E, which leave fair value unchanged at $90.00. Analyst Commentary Recent research has centered on how Textron's valuation lines up with execution risk, growth expectations, and capital allocation.