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U.S. Aerospace & Defense Industry Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies110
  • 7D-3.9%
  • 3M0.06%
  • 1Y12.3%
  • YTD1.1%

Over the last 7 days, the Aerospace & Defense industry has dropped 2.3%, driven by a pullback from General Electric of 5.3%. On the other hand BWX Technologies is actually up 7.9%. In the past year, the industry has gained 14%. 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
Wed, 02 Sep 2026US$1.7tUS$546.6bUS$40.3b36x41.6x3.1x
Fri, 31 Jul 2026US$1.7tUS$542.6bUS$39.8b37.9x43.2x3.2x
Sun, 28 Jun 2026US$1.7tUS$530.2bUS$37.1b38.8x46.3x3.2x
Tue, 26 May 2026US$1.7tUS$529.2bUS$37.0b35.6x44.7x3.1x
Thu, 23 Apr 2026US$1.6tUS$520.7bUS$37.3b37.3x43.2x3.1x
Sat, 21 Mar 2026US$1.6tUS$511.5bUS$35.4b40.3x45.9x3.2x
Mon, 16 Feb 2026US$1.7tUS$510.3bUS$35.6b40.7x47.3x3.3x
Wed, 14 Jan 2026US$1.5tUS$410.1bUS$32.0b40.5x46.5x3.6x
Fri, 12 Dec 2025US$1.3tUS$409.8bUS$32.0b37.8x40.3x3.1x
Sun, 09 Nov 2025US$1.3tUS$408.9bUS$32.1b38.5x41.2x3.2x
Tue, 07 Oct 2025US$1.3tUS$398.6bUS$31.3b39.9x42.1x3.3x
Thu, 04 Sep 2025US$1.2tUS$395.4bUS$31.1b34.4x39x3.1x
Sat, 02 Aug 2025US$1.2tUS$393.1bUS$31.4b36.1x38x3x
Mon, 30 Jun 2025US$1.1tUS$387.1bUS$29.9b36.5x38.3x3x
Wed, 28 May 2025US$1.0tUS$386.7bUS$29.9b34.1x34.8x2.7x
Fri, 25 Apr 2025US$913.8bUS$381.0bUS$28.7b31x31.8x2.4x
Sun, 23 Mar 2025US$937.1bUS$377.0bUS$29.1b32.2x32.2x2.5x
Tue, 18 Feb 2025US$920.6bUS$376.1bUS$30.0b33.9x30.7x2.4x
Thu, 16 Jan 2025US$903.0bUS$403.9bUS$27.9b33.8x32.3x2.2x
Sat, 14 Dec 2024US$893.1bUS$403.7bUS$27.9b34.4x32x2.2x
Mon, 11 Nov 2024US$966.7bUS$403.3bUS$27.9b36x34.6x2.4x
Wed, 09 Oct 2024US$949.4bUS$393.7bUS$23.6b34.5x40.2x2.4x
Fri, 06 Sep 2024US$885.9bUS$388.8bUS$23.3b33.3x38.1x2.3x
Sun, 04 Aug 2024US$844.9bUS$387.9bUS$23.1b32.9x36.6x2.2x
Tue, 02 Jul 2024US$790.1bUS$381.1bUS$24.0b32.1x32.9x2.1x
Thu, 30 May 2024US$812.9bUS$381.1bUS$23.9b31x34.1x2.1x
Sat, 27 Apr 2024US$790.0bUS$379.7bUS$23.5b31.2x33.7x2.1x
Mon, 25 Mar 2024US$597.9bUS$303.9bUS$18.8b31.7x31.7x2x
Wed, 21 Feb 2024US$569.3bUS$303.1bUS$18.5b29.4x30.7x1.9x
Fri, 19 Jan 2024US$577.9bUS$302.1bUS$20.9b28.9x27.6x1.9x
Sun, 17 Dec 2023US$566.6bUS$301.7bUS$20.9b27.7x27.1x1.9x
Tue, 14 Nov 2023US$553.9bUS$301.4bUS$20.7b30.1x26.8x1.8x
Thu, 12 Oct 2023US$538.1bUS$301.2bUS$22.4b26.4x24x1.8x
Sat, 09 Sep 2023US$543.1bUS$305.9bUS$22.9b24.5x23.8x1.8x
Price to Earnings Ratio

23.8x


Total Market Cap: US$543.1bTotal Earnings: US$22.9bTotal Revenue: US$305.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace & Defense Industry Price to Earnings3Y Average 36.4x202420252026
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 42.4x which is higher than its 3-year average PE of 36.4x.
  • The 3-year average PS ratio of 2.6x 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 21% 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-0.92%
Industrials-3.38%
Aerospace & Defense-3.92%
Aerospace and Defense-3.92%
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
BWXT BWX TechnologiesUS$161.547.9%
+US$1.1b		0.9%PE41.7x
LHX L3Harris TechnologiesUS$263.560.5%
+US$258.8m		-4.2%PE26.4x
HII Huntington Ingalls IndustriesUS$292.420.4%
+US$50.0m		8.4%PE17.4x
VVX V2XUS$77.451.4%
+US$32.6m		36.0%PE26.4x
DUKR DUKE RoboticsUS$5.823.2%
+US$616.7k		-17.0%PS52.1x

Latest News

RKLB
US$62.54
Rocket Lab
7D
-6.5%
1Y
26.8%
BWXT
US$161.54
BWX Technologies
7D
7.9%
1Y
0.9%
LHX
US$263.56
L3Harris Technologies
7D
0.5%
1Y
-4.2%
BA
US$205.66
Boeing
7D
-2.6%
1Y
-13.4%
Seeking Alpha • Aug 31

Boeing: Don't Let The Delivery Drop Fool You

Summary Boeing saw stable net orders year-on-year in July, with 30 net orders valued at $3.3 billion, despite overall order inflow slowing. BA's July deliveries fell sequentially to 53 units but remained robust, up 10% year-over-year, reflecting stable operational output. Order mix improved, driving higher order value; book-to-bill ratios for the year remain strong at 1.3x (units) and 1.7x (value). Continued production improvements and upcoming certifications for MAX 10 are expected to drive future growth and cash flow. Read the full article on Seeking Alpha
GE
US$331.09
General Electric
7D
-5.3%
1Y
20.2%
HEI
US$325.15
HEICO
7D
-7.4%
1Y
2.9%
Seeking Alpha • Aug 28

HEICO: A Fundamentals Superstar But Also An Informational Enigma; Staying At 'Hold'

Summary As it did last quarter, HEICO again handily beat estimates. But this time, instead of rallying, the stock just yawned. Organic growth remained excellent, and as one analyst said on the earnings call, the company was still "printing money." Core fundamentals that reveal longer-term trends, likewise, remain excellent. But there’s a lingering question — How sustainable is the recent super-growth? Management doesn’t give guidance. Nor was it able now to pin down anything beyond saying “every one of our verticals” and “every one of the markets." That’s fine, but with a forward P/E in the 50s and a forward PEG at 3.40, I and other investors need more detail. I respect HEI’s results, but I’m keeping my rating at ”Hold”. Read the full article on Seeking Alpha
LMT
US$544.50
Lockheed Martin
7D
-2.2%
1Y
20.3%
RTX
US$205.16
RTX
7D
-2.4%
1Y
29.8%
VVX
US$77.45
V2X
7D
1.4%
1Y
36.0%
Narrative Update • Aug 26

VVX: Defense Logistics Contracts And Aftermarket Exposure Will Drive Future Awards

Analysts have raised the V2X fair value estimate to $102 from $94, citing higher price targets across the Street, supported by updated guidance, stronger organic growth in U.S. and national security programs, and increased confidence in the company's aftermarket and sustainment exposure. Analyst Commentary Recent research coverage on V2X points to a generally constructive tone, with several bullish analysts lifting price targets as they react to updated guidance, recent quarters and sector trends.
AXON
US$518.30
Axon Enterprise
7D
-15.5%
1Y
-30.3%
Narrative Update • Aug 25

AXON: Future Contracted Bookings Will Support AI Public Safety Repricing

The updated analyst model for Axon Enterprise lifts the fair value estimate from $662.04 to $693.40. This reflects higher Street price targets that lean on recent research citing strong Q2 bookings visibility, an expanding contract backlog of $15.1b, growing contributions from Dedrone and AI Era, and expectations for positive free cash flow despite some pressure on projected profit margins and a higher assumed future P/E of 182.28x.
HII
US$292.42
Huntington Ingalls Industries
7D
0.4%
1Y
8.4%
Narrative Update • Aug 22

HII: Future Navy Shipbuilding And Autonomy Contracts Will Support Upside Potential

Analysts have updated the narrative fair value estimate for Huntington Ingalls Industries to $368.08 from $387.91. This reflects a shift toward slightly higher modeled revenue growth and margins, alongside a lower assumed future P/E multiple in light of recent revisions to Street price targets across the aerospace and defense group.
HWM
US$254.89
Howmet Aerospace
7D
-3.5%
1Y
47.1%
Narrative Update • Aug 22

HWM: Raised Guidance And Q2 Demand Strength Will Test Fair Valuation

Analysts have lifted the fair value estimate for Howmet Aerospace to $284.24 from $268.23, citing higher modeled revenue growth, stronger profit margins, and updated P/E assumptions that reflect recent rounds of rising Street price targets following robust Q2 demand commentary from multiple firms. Analyst Commentary Recent Street research on Howmet Aerospace has centered on Q2 results, demand trends across commercial aerospace and defense, and how these factors feed into valuation.
SIF
US$21.51
SIFCO Industries
7D
0.09%
1Y
198.8%
DUKR
US$5.82
DUKE Robotics
7D
3.2%
1Y
-17.0%