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

U.S. Aerospace & Defense Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies103
  • 7D1.7%
  • 3M5.8%
  • 1Y30.6%
  • YTD7.6%

Over the last 7 days, the Aerospace & Defense industry has risen 1.7%, driven by gains from General Electric of 6.7%. In the same time, Lockheed Martin was down 5.4%. This means that the industry has gained 31% over the past year. 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
Sat, 20 Jun 2026US$1.8tUS$547.6bUS$39.8b38.2x45.7x3.3x
Mon, 18 May 2026US$1.6tUS$529.2bUS$37.5b34.4x42.4x3x
Wed, 15 Apr 2026US$1.7tUS$511.7bUS$36.3b38.9x45.9x3.3x
Fri, 13 Mar 2026US$1.7tUS$511.3bUS$35.4b42.3x48.2x3.3x
Sun, 08 Feb 2026US$1.7tUS$509.8bUS$35.5b41.3x47.2x3.3x
Tue, 06 Jan 2026US$1.4tUS$410.0bUS$32.0b40.7x44.5x3.5x
Thu, 04 Dec 2025US$1.3tUS$409.5bUS$32.4b37.4x38.9x3.1x
Sat, 01 Nov 2025US$1.4tUS$408.1bUS$32.3b38.9x42.1x3.3x
Mon, 29 Sep 2025US$1.3tUS$395.8bUS$31.0b38.1x41.2x3.2x
Wed, 27 Aug 2025US$1.2tUS$394.2bUS$31.0b34.9x38.5x3x
Fri, 25 Jul 2025US$1.2tUS$392.3bUS$31.2b36.5x38.1x3x
Sun, 22 Jun 2025US$1.1tUS$387.0bUS$29.9b34.1x36.8x2.8x
Tue, 20 May 2025US$1.1tUS$386.7bUS$30.0b34.1x35.1x2.7x
Thu, 17 Apr 2025US$928.8bUS$377.4bUS$28.8b29.8x32.3x2.5x
Sat, 15 Mar 2025US$916.5bUS$377.0bUS$30.1b31.9x30.5x2.4x
Mon, 10 Feb 2025US$940.5bUS$375.6bUS$29.9b33.1x31.5x2.5x
Wed, 08 Jan 2025US$876.5bUS$403.7bUS$28.0b33.2x31.3x2.2x
Fri, 06 Dec 2024US$944.8bUS$403.7bUS$27.9b35.2x33.8x2.3x
Sun, 03 Nov 2024US$900.4bUS$403.1bUS$27.7b32.5x32.5x2.2x
Tue, 01 Oct 2024US$920.0bUS$388.9bUS$23.3b34.8x39.5x2.4x
Thu, 29 Aug 2024US$884.0bUS$388.7bUS$23.3b33.8x38x2.3x
Sat, 27 Jul 2024US$842.8bUS$387.2bUS$22.9b34.6x36.8x2.2x
Mon, 24 Jun 2024US$807.6bUS$381.1bUS$23.9b32.2x33.8x2.1x
Wed, 22 May 2024US$809.0bUS$380.8bUS$23.8b31.6x33.9x2.1x
Fri, 19 Apr 2024US$762.9bUS$371.8bUS$27.8b30.2x27.5x2.1x
Sun, 17 Mar 2024US$585.9bUS$303.9bUS$18.8b31.5x31.2x1.9x
Tue, 13 Feb 2024US$567.5bUS$302.8bUS$18.4b30x30.9x1.9x
Thu, 11 Jan 2024US$574.7bUS$302.1bUS$20.9b28.7x27.5x1.9x
Sat, 09 Dec 2023US$565.9bUS$301.7bUS$20.9b28.2x27.1x1.9x
Mon, 06 Nov 2023US$555.5bUS$301.2bUS$20.6b28.5x27x1.8x
Wed, 04 Oct 2023US$511.1bUS$301.2bUS$22.4b25.9x22.8x1.7x
Fri, 01 Sep 2023US$557.8bUS$305.8bUS$22.8b25.4x24.4x1.8x
Sun, 30 Jul 2023US$554.1bUS$304.0bUS$22.8b26.1x24.3x1.8x
Tue, 27 Jun 2023US$565.0bUS$297.4bUS$21.9b24.4x25.8x1.9x
Price to Earnings Ratio

25.8x


Total Market Cap: US$565.0bTotal 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 45.7x 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 3.3x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 23% 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 Market1.40%
Industrials2.54%
Aerospace & Defense1.66%
Aerospace and Defense1.66%
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$357.646.7%
+US$23.3b		49.4%PE43.6x
HWM Howmet AerospaceUS$277.664.9%
+US$5.2b		60.2%PE63.7x
TDG TransDigm GroupUS$1.33k5.8%
+US$4.0b		-7.9%PE39.9x
FTAI FTAI AviationUS$276.1114.1%
+US$3.5b		113.9%PE54.3x
BA BoeingUS$222.721.7%
+US$2.9b		12.1%PE91.3x

Latest News

LUNR
US$22.85
Intuitive Machines
7D
-14.2%
1Y
124.5%
Analysis Article • 17h

Intuitive Machines (LUNR) Stock Could Be 77.5% Below Fair Value After Recent Pullback

Recent share performance puts Intuitive Machines in focus Intuitive Machines (LUNR) has drawn attention after its stock rose about 1% over the past day, even as it fell roughly 14% in the past week and 32% over the past month. Over the past 3 months, the stock is up about 28%, while the total return over the past year is around 124%. Year to date, Intuitive Machines has returned roughly 28%, placing recent volatility in a broader performance context for investors. See our latest analysis for...
RTX
US$185.60
RTX
7D
1.1%
1Y
26.6%
DRS
US$46.08
Leonardo DRS
7D
-5.0%
1Y
4.7%
BA
US$222.72
Boeing
7D
1.7%
1Y
12.1%
Analysis Article • Jun 19

Boeing (BA) Stock Could Be 18% Undervalued on Backlog Driven Growth Narrative

Boeing (BA) stock has drawn fresh attention after recent trading left it at a last close of US$222.72. This gives the company a market value of about US$177.9b and puts recent returns into sharper focus for investors. See our latest analysis for Boeing. Recent trading has been choppy for Boeing, with the share price slipping 1.29% over the last day but still sitting on a 14.15% 3 month share price return and a 12.67% 1 year total shareholder return, which may indicate that momentum has picked...
HWM
US$277.66
Howmet Aerospace
7D
4.9%
1Y
60.2%
Analysis Article • Jun 19

Howmet Aerospace (HWM) Stock Could Be 19% Overvalued After Strong Q1 And Higher Guidance

Howmet Aerospace (HWM) is back in focus after a strong first quarter, higher full year guidance, and portfolio moves that increased its exposure to higher margin aerospace businesses and current demand trends. See our latest analysis for Howmet Aerospace. At a share price of $277.66, Howmet Aerospace has seen momentum build, with a 30 day share price return of 9.70% and a year to date share price return of 31.15%, alongside a 1 year total shareholder return of 63.48% and a 5 year total...
FTAI
US$276.11
FTAI Aviation
7D
14.1%
1Y
113.9%
Analysis Article • Jun 19

FTAI Aviation (FTAI) Stock Could Be 22.7% Overvalued After Redemption And AI Power Optimism

FTAI Aviation (FTAI) is back in focus after announcing the full redemption of its high-cost Series C preferred shares, along with a large asset-backed securitization and renewed attention on its AI data center power plans. See our latest analysis for FTAI Aviation. The recent preferred share redemption, securitization and AI power plans sit against a strong backdrop for FTAI Aviation. The share price is $276.11 with a 30-day share price return of 23.54%, supported by a 1-year total...
GD
US$350.01
General Dynamics
7D
-2.8%
1Y
25.6%
WWD
US$430.08
Woodward
7D
11.2%
1Y
80.8%
Narrative Update • Jun 18

WWD: Rich Stock Price Will Depend On Commercial Aerospace Backlogs Holding Up

The analyst price target for Woodward stock has been revised slightly higher to $391.90 from $391.26 as analysts factor in updated assumptions around the discount rate, revenue growth, profit margin and future P/E, following recent positive coverage and price target increases from several firms. Analyst Commentary Recent research coverage of Woodward highlights a generally constructive stance on the company, with several firms initiating with positive views and issuing higher price targets.
NOC
US$521.50
Northrop Grumman
7D
-5.2%
1Y
4.8%
Narrative Update • Jun 18

NOC: Space And Missile Defense Programs Will Drive Future Stock Returns

Northrop Grumman's analyst price targets have moved lower, with several firms cutting estimates into the $620 to $628 range as analysts factor in below average organic growth, B-21 margin dilution, and a projected capex build toward about 4.5% of sales growing at roughly 14% annually. Analyst Commentary Recent Street research on Northrop Grumman highlights a mix of optimism and caution, with multiple firms revisiting their models, price targets, and assumptions around growth, margins, and capital intensity.
GE
US$357.64
General Electric
7D
6.7%
1Y
49.4%
LHX
US$294.82
L3Harris Technologies
7D
-4.2%
1Y
18.1%
TDG
US$1,328.31
TransDigm Group
7D
5.8%
1Y
-7.9%
KTOS
US$54.21
Kratos Defense & Security Solutions
7D
-6.1%
1Y
25.7%
LMT
US$510.95
Lockheed Martin
7D
-5.4%
1Y
8.6%
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
AXON
US$423.40
Axon Enterprise
7D
-4.1%
1Y
-45.5%
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.