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U.S. Aerospace & Defense Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies102
  • 7D-3.4%
  • 3M-6.2%
  • 1Y24.6%
  • YTD2.9%

Over the last 7 days, the Aerospace & Defense industry has dropped 3.4%, driven by a pullback from Rocket Lab of 23%. Over the past 12 months, the industry was up 25%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026US$1.7tUS$530.2bUS$37.2b39.6x45.6x3.2x
Mon, 04 May 2026US$1.6tUS$526.7bUS$38.0b34.9x41.7x3x
Wed, 01 Apr 2026US$1.5tUS$511.7bUS$36.4b36.2x41.5x3x
Fri, 27 Feb 2026US$1.7tUS$511.2bUS$35.6b43.8x48.2x3.4x
Sun, 25 Jan 2026US$1.5tUS$412.0bUS$32.5b41.1x45.3x3.6x
Tue, 23 Dec 2025US$1.3tUS$410.0bUS$32.0b38.4x42.1x3.3x
Thu, 20 Nov 2025US$1.3tUS$409.2bUS$32.3b35.9x39.7x3.1x
Sat, 18 Oct 2025US$1.3tUS$398.7bUS$31.3b37.5x41.4x3.3x
Mon, 15 Sep 2025US$1.2tUS$395.7bUS$31.0b34.7x39.8x3.1x
Wed, 13 Aug 2025US$1.2tUS$393.8bUS$31.0b32.2x38.7x3x
Fri, 11 Jul 2025US$1.1tUS$387.1bUS$29.9b35.5x38.4x3x
Sun, 08 Jun 2025US$1.1tUS$386.8bUS$30.0b34.3x37x2.9x
Tue, 06 May 2025US$987.8bUS$385.7bUS$29.4b32.3x33.6x2.6x
Thu, 03 Apr 2025US$944.0bUS$377.4bUS$28.8b30.5x32.8x2.5x
Sat, 01 Mar 2025US$922.4bUS$376.7bUS$30.1b33.6x30.6x2.4x
Mon, 27 Jan 2025US$954.4bUS$372.4bUS$29.1b35.4x32.9x2.6x
Wed, 25 Dec 2024US$894.5bUS$403.7bUS$27.9b33.6x32.1x2.2x
Fri, 22 Nov 2024US$935.1bUS$403.8bUS$27.8b34.7x33.6x2.3x
Sun, 20 Oct 2024US$969.4bUS$393.7bUS$23.7b35.5x41x2.5x
Tue, 17 Sep 2024US$900.7bUS$388.8bUS$23.3b33.5x38.7x2.3x
Thu, 15 Aug 2024US$868.6bUS$388.4bUS$23.2b32.7x37.4x2.2x
Sat, 13 Jul 2024US$796.9bUS$381.1bUS$24.0b35.5x33.2x2.1x
Mon, 10 Jun 2024US$809.4bUS$381.1bUS$23.9b31.8x33.9x2.1x
Wed, 08 May 2024US$810.5bUS$380.7bUS$23.8b30.6x34.1x2.1x
Fri, 05 Apr 2024US$597.4bUS$303.9bUS$18.8b32.1x31.7x2x
Sun, 03 Mar 2024US$577.6bUS$303.7bUS$18.7b31.8x30.9x1.9x
Tue, 30 Jan 2024US$576.3bUS$306.4bUS$17.9b32x32.1x1.9x
Thu, 28 Dec 2023US$578.5bUS$302.1bUS$20.9b28.7x27.7x1.9x
Sat, 25 Nov 2023US$560.0bUS$301.6bUS$20.9b27.7x26.8x1.9x
Mon, 23 Oct 2023US$532.4bUS$301.5bUS$22.3b25.2x23.9x1.8x
Wed, 20 Sep 2023US$530.6bUS$305.9bUS$22.6b25.9x23.5x1.7x
Fri, 18 Aug 2023US$551.0bUS$305.7bUS$22.8b25.2x24.2x1.8x
Sun, 16 Jul 2023US$574.7bUS$298.0bUS$21.6b26.1x26.6x1.9x
Tue, 13 Jun 2023US$572.7bUS$300.3bUS$21.9b25.4x26.2x1.9x
Price to Earnings Ratio

26.2x


Total Market Cap: US$572.7bTotal Earnings: US$21.9bTotal Revenue: US$300.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace & Defense Industry Price to Earnings3Y Average 34.7x202420252026
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 45.6x which is higher than its 3-year average PE of 34.7x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.2x.
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 Market-2.90%
Industrials-0.87%
Aerospace & Defense-3.35%
Aerospace and Defense-3.35%
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$328.001.3%
+US$4.4b		28.3%PE40x
AXON Axon EnterpriseUS$486.128.3%
+US$3.0b		-38.6%PE190.2x
RTX RTXUS$180.990.7%
+US$1.8b		30.1%PE33.6x
CRS Carpenter TechnologyUS$483.603.1%
+US$726.4m		94.4%PE50.2x
WWD WoodwardUS$357.742.2%
+US$459.4m		52.5%PE41.5x

Latest News

WWD
US$357.74
Woodward
7D
2.2%
1Y
52.5%
RKLB
US$110.08
Rocket Lab
7D
-23.3%
1Y
280.6%
AXON
US$486.12
Axon Enterprise
7D
8.3%
1Y
-38.6%
RTX
US$180.99
RTX
7D
0.7%
1Y
30.1%
CRS
US$483.60
Carpenter Technology
7D
3.1%
1Y
94.4%
Narrative Update • Jun 05

CRS: Record Q3 Earnings And Buybacks Will Support Balanced Outlook Into 2026

Analysts now set a fresh price target for Carpenter Technology of $459.50, up from $439.33. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
FTAI
US$234.05
FTAI Aviation
7D
-10.1%
1Y
81.2%
Narrative Update • Jun 04

FTAI: Power Platform And Engine Partnerships Will Drive Future Earnings Repricing

Analysts have lifted the implied fair value estimate for FTAI Aviation from about $350 to roughly $407 per share, citing updated assumptions around revenue growth, profit margins, and a lower future P/E multiple as key drivers behind the higher price targets presented in recent research. Analyst Commentary Recent research highlights a series of higher price targets for FTAI Aviation, with bullish analysts pointing to updated assumptions around revenue, margins, and valuation multiples.
ARXS
US$39.41
Arxis
7D
-12.3%
1Y
n/a
NOC
US$544.40
Northrop Grumman
7D
-3.4%
1Y
11.2%
Narrative Update • Jun 04

NOC: Space Defense And Drone Programs Will Drive Future Returns

Analysts trimmed the Northrop Grumman valuation target by about $10 per share to reflect slightly higher discount rates, modestly lower revenue growth and profit margin assumptions, and a small reset in projected future P/E in line with recent Street price target reductions to the $620 to $628 range. Analyst Commentary Recent Street research on Northrop Grumman points to a mixed view, with several firms resetting price targets into the low to mid US$600s and updating their models around growth, margins, and capital intensity.
AIR
US$116.65
AAR
7D
3.6%
1Y
74.4%
LUNR
US$29.36
Intuitive Machines
7D
-33.0%
1Y
150.7%
GE
US$328.00
General Electric
7D
1.3%
1Y
28.3%
ATI
US$177.47
ATI
7D
1.3%
1Y
111.3%
BA
US$215.45
Boeing
7D
-6.8%
1Y
2.2%
HEI
US$331.43
HEICO
7D
-4.8%
1Y
9.3%
Narrative Update • Jun 02

HEI: Elevated P/E Will Constrain Returns Despite Record Earnings Momentum

Analysts have modestly raised their price target on HEICO to $302.69 from $295.97, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News HEICO reported record Q2 fiscal 2026 results, with net income of US$233.8 million and net sales up 25%, supported by 18% consolidated organic growth and contributions from recent acquisitions.
MOG.A
US$368.25
Moog
7D
2.3%
1Y
98.3%
Narrative Update • Jun 01

MOG.A: Defense Exercise Success And Index Changes Will Shape Steady Outlook

Analysts have modestly reduced their 12 month price target for Moog to $328.25, reflecting updated assumptions around the discount rate and a slightly lower future P/E multiple, while keeping fair value, revenue growth, and profit margin expectations broadly unchanged. What's in the News Echodyne and Moog reported successful testing of the Reconfigurable Integrated weapon Platform at a U.S. Army exercise, where their combined radar, control systems, and AI detected, tracked, and engaged small unmanned aerial systems in less than 3 seconds (source: Echodyne and Moog announcement).
HWM
US$251.90
Howmet Aerospace
7D
-2.5%
1Y
43.6%