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U.S. Aerospace & Defense Industry Analysis

UpdatedAug 20, 2025
DataAggregated Company Financials
Companies82
  • 7D-2.3%
  • 3M12.0%
  • 1Y31.0%
  • YTD30.0%

Over the last 7 days, the Aerospace & Defense industry has dropped 2.3%, driven by a pullback from General Electric of 4.9%. Over the past 12 months, the industry was up 31%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 Aug 2025US$1.2tUS$394.0bUS$31.0b33.5x38.5x3x
Fri, 18 Jul 2025US$1.2tUS$387.2bUS$29.9b35.7x39.5x3.1x
Sun, 15 Jun 2025US$1.1tUS$387.0bUS$29.9b33.9x37.2x2.9x
Tue, 13 May 2025US$1.0tUS$386.1bUS$29.4b33.9x34.1x2.6x
Thu, 10 Apr 2025US$852.9bUS$377.4bUS$28.8b30x29.6x2.3x
Sat, 08 Mar 2025US$916.1bUS$376.7bUS$30.1b31.8x30.5x2.4x
Mon, 03 Feb 2025US$948.3bUS$375.7bUS$30.0b33.9x31.6x2.5x
Wed, 01 Jan 2025US$881.1bUS$403.7bUS$28.0b33.1x31.5x2.2x
Fri, 29 Nov 2024US$945.5bUS$403.8bUS$27.8b35.1x34x2.3x
Sun, 27 Oct 2024US$932.7bUS$402.9bUS$27.7b33.7x33.7x2.3x
Tue, 24 Sep 2024US$916.0bUS$388.8bUS$23.2b34.4x39.5x2.4x
Thu, 22 Aug 2024US$877.5bUS$388.4bUS$23.2b33.4x37.8x2.3x
Sat, 20 Jul 2024US$807.9bUS$381.3bUS$24.0b36.8x33.6x2.1x
Mon, 17 Jun 2024US$787.2bUS$381.1bUS$23.9b31.6x33x2.1x
Wed, 15 May 2024US$805.5bUS$380.8bUS$23.8b30.5x33.8x2.1x
Fri, 12 Apr 2024US$773.1bUS$371.9bUS$27.6b30.7x28x2.1x
Sun, 10 Mar 2024US$584.4bUS$303.9bUS$18.7b31.4x31.3x1.9x
Tue, 06 Feb 2024US$568.8bUS$302.9bUS$18.4b29.2x30.9x1.9x
Thu, 04 Jan 2024US$579.0bUS$302.1bUS$20.9b27.3x27.7x1.9x
Sat, 02 Dec 2023US$561.0bUS$301.6bUS$20.9b28.1x26.9x1.9x
Mon, 30 Oct 2023US$534.8bUS$300.4bUS$20.6b24.7x25.9x1.8x
Wed, 27 Sep 2023US$513.9bUS$305.9bUS$22.6b24.5x22.8x1.7x
Fri, 25 Aug 2023US$552.0bUS$305.7bUS$22.8b25.1x24.2x1.8x
Sun, 23 Jul 2023US$574.6bUS$299.3bUS$23.0b26.8x25x1.9x
Tue, 20 Jun 2023US$573.5bUS$297.4bUS$21.9b25.7x26.2x1.9x
Thu, 18 May 2023US$563.6bUS$300.1bUS$21.8b23.4x25.8x1.9x
Sat, 15 Apr 2023US$588.7bUS$294.7bUS$21.8b24.3x27x2x
Mon, 13 Mar 2023US$571.4bUS$294.6bUS$21.7b23.5x26.3x1.9x
Wed, 08 Feb 2023US$580.7bUS$292.0bUS$22.2b25.3x26.2x2x
Fri, 06 Jan 2023US$594.3bUS$287.1bUS$22.2b24x26.8x2.1x
Sun, 04 Dec 2022US$614.1bUS$286.9bUS$22.4b32.8x27.4x2.1x
Tue, 01 Nov 2022US$597.6bUS$282.9bUS$22.0b29.5x27.1x2.1x
Thu, 29 Sep 2022US$521.8bUS$280.6bUS$21.7b24.2x24x1.9x
Sat, 27 Aug 2022US$562.1bUS$280.5bUS$21.6b24.3x26x2x
Price to Earnings Ratio

26x


Total Market Cap: US$562.1bTotal Earnings: US$21.6bTotal Revenue: US$280.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace & Defense Industry Price to Earnings3Y Average 30.2x202320242025
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 38.5x which is higher than its 3-year average PE of 30.2x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 12% 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-0.82%
Industrials-0.67%
Aerospace & Defense-2.30%
Aerospace and Defense-2.30%
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
LMT Lockheed MartinUS$441.102.2%
+US$2.2b		-20.8%PE24.5x
NOC Northrop GrummanUS$586.230.9%
+US$777.5m		15.4%PE21.3x
GD General DynamicsUS$316.400.8%
+US$641.9m		7.0%PE20.8x
LHX L3Harris TechnologiesUS$272.230.7%
+US$377.9m		18.5%PE30x
TXT TextronUS$79.681.5%
+US$203.2m		-9.4%PE17.4x

Latest News

LOAR
US$71.42
Loar Holdings
7D
2.4%
1Y
-1.4%
GD
US$316.40
General Dynamics
7D
0.8%
1Y
7.0%
VVX
US$59.48
V2X
7D
9.0%
1Y
27.0%

V2X, Inc. (NYSE:VVX) Shares Fly 31% But Investors Aren't Buying For Growth

Aug 19
V2X, Inc. (NYSE:VVX) Shares Fly 31% But Investors Aren't Buying For Growth
RKLB
US$40.92
Rocket Lab
7D
-4.8%
1Y
484.6%
RTX
US$153.66
RTX
7D
-1.2%
1Y
30.3%
LHX
US$272.23
L3Harris Technologies
7D
0.7%
1Y
18.5%
HEI
US$304.50
HEICO
7D
-3.7%
1Y
26.8%
KTOS
US$64.02
Kratos Defense & Security Solutions
7D
-7.4%
1Y
207.9%

Defense Modernization Will Drive Demand For Unmanned Systems

The upward revision in Kratos Defense & Security Solutions’ price target reflects improved fundamentals, notably a rising net profit margin and stronger revenue growth forecasts, driving the consensus fair value from $57.46 to $64.46. What's in the News Kratos issued Q3 2025 revenue guidance of $315–325 million and operating income of $3–7 million; full-year 2025 revenue expected at $1.29–1.31 billion and operating income $29–34 million.
KRMN
US$49.87
Karman Holdings
7D
1.7%
1Y
n/a
HWM
US$171.90
Howmet Aerospace
7D
-5.0%
1Y
79.8%
BWXT
US$165.76
BWX Technologies
7D
-7.7%
1Y
67.1%

Defense Modernization And Nuclear Energy Demand Will Unlock Future Market Potential

Analysts have raised their price target for BWX Technologies to $168.33, acknowledging long-term growth prospects from new nuclear opportunities but cautioning that the current valuation is stretched and upside is limited, leading to a Hold rating despite the higher fair value. Analyst Commentary Price target increased to better reflect long-term value from new build commercial nuclear opportunities.
TXT
US$79.68
Textron
7D
1.5%
1Y
-9.4%
LMT
US$441.10
Lockheed Martin
7D
2.2%
1Y
-20.8%
BA
US$225.00
Boeing
7D
-3.3%
1Y
30.7%
NOC
US$586.23
Northrop Grumman
7D
0.9%
1Y
15.4%
GE
US$265.93
General Electric
7D
-4.9%
1Y
56.4%