Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Aerospace & Defense Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies103
  • 7D7.4%
  • 3M5.2%
  • 1Y33.4%
  • YTD9.2%

Over the last 7 days, the Aerospace & Defense industry has risen 7.4%, driven by gains from General Electric of 12%. During this same period, the Axon Enterprise underperformed, falling 5.5%. This takes the industry's 12 month performance to a gain of 33%. Looking forward, 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
Thu, 18 Jun 2026US$1.8tUS$530.2bUS$37.1b40.3x49.3x3.5x
Sat, 16 May 2026US$1.6tUS$529.1bUS$37.6b34.3x43.7x3.1x
Mon, 13 Apr 2026US$1.6tUS$511.7bUS$36.3b38.6x45.3x3.2x
Wed, 11 Mar 2026US$1.7tUS$511.1bUS$35.4b43.2x48.9x3.4x
Fri, 06 Feb 2026US$1.6tUS$509.4bUS$35.5b40.1x45.9x3.2x
Sun, 04 Jan 2026US$1.4tUS$410.0bUS$32.0b39.3x43.5x3.4x
Tue, 02 Dec 2025US$1.3tUS$409.5bUS$32.4b37.8x40x3.2x
Thu, 30 Oct 2025US$1.4tUS$406.9bUS$32.5b41x41.8x3.3x
Sat, 27 Sep 2025US$1.3tUS$395.8bUS$31.0b38.1x40.8x3.2x
Mon, 25 Aug 2025US$1.2tUS$394.0bUS$31.0b34.7x38.6x3x
Wed, 23 Jul 2025US$1.2tUS$391.2bUS$31.1b35.1x38x3x
Fri, 20 Jun 2025US$1.1tUS$387.0bUS$29.9b34.2x36.8x2.8x
Sun, 18 May 2025US$1.0tUS$386.7bUS$30.0b33.9x35x2.7x
Tue, 15 Apr 2025US$922.8bUS$377.4bUS$28.8b29.8x32.1x2.4x
Thu, 13 Mar 2025US$916.6bUS$377.0bUS$30.1b31.7x30.5x2.4x
Sat, 08 Feb 2025US$942.9bUS$375.6bUS$29.9b33.1x31.6x2.5x
Mon, 06 Jan 2025US$889.1bUS$403.7bUS$28.0b33.4x31.8x2.2x
Wed, 04 Dec 2024US$936.5bUS$403.6bUS$28.0b35.1x33.5x2.3x
Fri, 01 Nov 2024US$902.1bUS$403.1bUS$27.7b32.5x32.6x2.2x
Sun, 29 Sep 2024US$920.0bUS$388.9bUS$23.3b34.6x39.5x2.4x
Tue, 27 Aug 2024US$882.7bUS$388.4bUS$23.2b33.7x38x2.3x
Thu, 25 Jul 2024US$833.8bUS$382.7bUS$23.8b34.1x35x2.2x
Sat, 22 Jun 2024US$807.2bUS$381.1bUS$23.9b32.2x33.8x2.1x
Mon, 20 May 2024US$806.8bUS$380.8bUS$23.8b30.8x33.9x2.1x
Wed, 17 Apr 2024US$762.1bUS$371.9bUS$27.6b30.7x27.6x2x
Fri, 15 Mar 2024US$583.5bUS$303.9bUS$18.6b31.2x31.4x1.9x
Sun, 11 Feb 2024US$566.0bUS$302.8bUS$18.4b29.7x30.8x1.9x
Tue, 09 Jan 2024US$575.2bUS$302.1bUS$20.9b27.4x27.5x1.9x
Thu, 07 Dec 2023US$568.2bUS$301.7bUS$20.9b28x27.2x1.9x
Sat, 04 Nov 2023US$555.5bUS$301.2bUS$20.6b28.5x27x1.8x
Mon, 02 Oct 2023US$518.8bUS$306.0bUS$22.5b26.4x23x1.7x
Wed, 30 Aug 2023US$554.8bUS$305.8bUS$22.8b25.6x24.3x1.8x
Fri, 28 Jul 2023US$561.7bUS$303.9bUS$22.8b26.6x24.7x1.8x
Sun, 25 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 Market1.98%
Industrials5.19%
Aerospace & Defense7.37%
Aerospace and Defense7.37%
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$357.0312.0%
+US$40.0b		51.4%PE43.5x
RTX RTXUS$192.588.6%
+US$20.4b		32.0%PE35.7x
HWM Howmet AerospaceUS$283.2313.5%
+US$13.5b		66.4%PE65x
BA BoeingUS$225.638.0%
+US$13.1b		14.1%PE92.5x
GD General DynamicsUS$362.836.4%
+US$5.9b		30.3%PE22.6x

Latest News

TDG
US$1,316.75
TransDigm Group
7D
8.6%
1Y
-6.9%
GD
US$362.83
General Dynamics
7D
6.4%
1Y
30.3%
Analysis Article • 13h

General Dynamics (GD) Stock Could Be 7.5% Below Fair Value After Artemis II And Earnings Focus

General Dynamics (GD) stock is back in focus after investors responded to optimism around its upcoming earnings and increased attention on its role in the Artemis II mission and national defense contracts. See our latest analysis for General Dynamics. Over the past year, General Dynamics stock has combined a 1-year total shareholder return of 32.66% with steady shorter term share price gains, and recent interest around the Artemis II mission and upcoming earnings reflects investors...
BA
US$225.63
Boeing
7D
8.0%
1Y
14.1%
WWD
US$434.83
Woodward
7D
12.0%
1Y
81.9%
GE
US$357.03
General Electric
7D
12.0%
1Y
51.4%
Analysis Article • Jun 17

General Electric (GE) Stock Looks Fairly Valued After Aerospace Profit Growth And Contract Wins

General Electric (GE) stock is in focus after GE Aerospace reported higher year-over-year operating profit, secured a U.S. Air Force contract for its GE426 engine, and increased LEAP engine deliveries alongside stronger aftermarket demand. See our latest analysis for General Electric. At a share price of $351.73, General Electric has seen strong momentum recently, with a 24.94% 1 month share price return and 49.99% 1 year total shareholder return, supported by aerospace contract wins, new...
AVAV
US$167.11
AeroVironment
7D
-3.4%
1Y
-12.1%
Narrative Update • Jun 17

AVAV: Counter Drone And Space Contracts Will Drive Future Stock Momentum

Analysts have held AeroVironment's fair value estimate steady at $235.00 while modestly adjusting underlying inputs, reflecting updated views on growth, profitability, and valuation multiples that align with recent supportive research commentary on the stock. Analyst Commentary Recent research coverage on AeroVironment highlights a mix of constructive and cautious views, with supportive commentary existing alongside a more measured stance on valuation, execution, and long term growth assumptions.
FTAI
US$277.31
FTAI Aviation
7D
22.8%
1Y
113.2%
VOYG
US$38.54
Voyager Technologies
7D
-6.6%
1Y
-22.9%
Narrative Update • Jun 15

The Landlord of Orbit and the Emerging Lunar Logistics Giant: A Deep Value Play Ahead of the Starlab & Astrobotic Era

While the broader market continues to price Voyager Technologies (VOYG) as a low-margin, cash-burning legacy defense contractor, massive structural shifts within the company’s portfolio have necessitated a fundamental update to our valuation model. In our previous thesis, we defined Voyager primarily as the "Landlord of Orbit" based on the Starlab commercial space station—the designated successor to the ISS.
AXON
US$423.01
Axon Enterprise
7D
-5.5%
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.
HWM
US$283.23
Howmet Aerospace
7D
13.5%
1Y
66.4%
LUNR
US$22.72
Intuitive Machines
7D
-14.4%
1Y
123.6%
SPCE
US$3.49
Virgin Galactic Holdings
7D
-25.9%
1Y
16.7%
RTX
US$192.58
RTX
7D
8.6%
1Y
32.0%
FLY
US$31.15
Firefly Aerospace
7D
-6.8%
1Y
n/a
FJET
US$5.31
Starfighters Space
7D
-34.4%
1Y
n/a
SWMR
US$40.80
Swarmer
7D
-27.7%
1Y
n/a