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U.S. Aerospace and Defense Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies90
  • 7D-1.8%
  • 3M6.8%
  • 1Y35.2%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has dropped 1.8%, driven by General Electric declining 3.8%. In the past year, the industry has gained 35%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Nov 2025US$1.3tUS$409.2bUS$32.2b38.7x41.2x3.2x
Thu, 16 Oct 2025US$1.3tUS$398.7bUS$31.3b39.4x42.3x3.3x
Sat, 13 Sep 2025US$1.2tUS$395.7bUS$31.0b34.7x40x3.1x
Mon, 11 Aug 2025US$1.2tUS$393.8bUS$31.0b33.7x38.8x3x
Wed, 09 Jul 2025US$1.1tUS$387.1bUS$29.9b35.6x38.3x3x
Fri, 06 Jun 2025US$1.1tUS$386.8bUS$30.0b33.8x36.6x2.8x
Sun, 04 May 2025US$987.9bUS$385.7bUS$29.4b32.1x33.6x2.6x
Tue, 01 Apr 2025US$933.0bUS$377.4bUS$28.8b29.8x32.4x2.5x
Thu, 27 Feb 2025US$907.9bUS$376.5bUS$30.1b33.6x30.2x2.4x
Sat, 25 Jan 2025US$964.4bUS$372.3bUS$29.0b35.4x33.2x2.6x
Mon, 23 Dec 2024US$887.3bUS$403.7bUS$27.9b33.2x31.8x2.2x
Wed, 20 Nov 2024US$929.4bUS$403.8bUS$27.8b34.3x33.4x2.3x
Fri, 18 Oct 2024US$968.6bUS$393.7bUS$23.7b35.4x40.9x2.5x
Sun, 15 Sep 2024US$900.7bUS$388.8bUS$23.3b33.4x38.7x2.3x
Tue, 13 Aug 2024US$861.4bUS$388.4bUS$23.2b32.7x37.1x2.2x
Thu, 11 Jul 2024US$791.3bUS$381.1bUS$24.0b34.5x32.9x2.1x
Sat, 08 Jun 2024US$808.6bUS$381.1bUS$23.9b31.8x33.9x2.1x
Mon, 06 May 2024US$797.8bUS$380.4bUS$23.7b29.4x33.7x2.1x
Wed, 03 Apr 2024US$603.7bUS$303.9bUS$18.8b31.9x32x2x
Fri, 01 Mar 2024US$579.4bUS$303.7bUS$18.7b32.4x31x1.9x
Sun, 28 Jan 2024US$576.3bUS$306.4bUS$17.9b32.1x32.1x1.9x
Tue, 26 Dec 2023US$574.7bUS$302.1bUS$20.9b28.3x27.5x1.9x
Thu, 23 Nov 2023US$552.8bUS$301.6bUS$20.9b27.2x26.5x1.8x
Sat, 21 Oct 2023US$532.4bUS$301.5bUS$22.3b25.2x23.9x1.8x
Mon, 18 Sep 2023US$530.5bUS$305.9bUS$22.6b25.6x23.5x1.7x
Wed, 16 Aug 2023US$551.6bUS$305.7bUS$22.8b25.5x24.2x1.8x
Fri, 14 Jul 2023US$580.4bUS$298.0bUS$21.6b26x26.9x1.9x
Sun, 11 Jun 2023US$571.8bUS$300.3bUS$21.9b24.7x26.1x1.9x
Tue, 09 May 2023US$558.0bUS$298.4bUS$22.0b22.7x25.3x1.9x
Thu, 06 Apr 2023US$582.3bUS$294.7bUS$21.8b24x26.7x2x
Sat, 04 Mar 2023US$590.7bUS$294.5bUS$21.7b23.8x27.2x2x
Mon, 30 Jan 2023US$576.6bUS$291.9bUS$22.2b25.2x26x2x
Wed, 28 Dec 2022US$597.2bUS$287.1bUS$22.2b24.3x26.9x2.1x
Fri, 25 Nov 2022US$593.9bUS$284.2bUS$22.0b31.9x27x2.1x
Price to Earnings Ratio

27x


Total Market Cap: US$593.9bTotal Earnings: US$22.0bTotal Revenue: US$284.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Aerospace and Defense Industry Price to Earnings3Y Average 31.4x202320242025
Current Industry PE
  • Investors are optimistic on the American Aerospace and Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 41.2x which is higher than its 3-year average PE of 31.4x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Aerospace and Defense industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Aerospace and Defense compare with similar industries?

US Market-0.39%
Industrials-1.57%
Aerospace & Defense-1.76%
Aerospace and Defense-1.76%
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$470.784.1%
+US$4.3b		-11.3%PE25.9x
TDG TransDigm GroupUS$1.34k3.6%
+US$2.6b		6.7%PE40.3x
FLY Firefly AerospaceUS$19.481.2%
+US$282.8m		n/aPS27.9x
CRS Carpenter TechnologyUS$332.151.5%
+US$238.1m		85.3%PE40x
HXL HexcelUS$69.913.1%
+US$167.2m		18.1%PE80.9x

Latest News

RTX
US$175.63
RTX
7D
-1.9%
1Y
47.1%
BA
US$191.81
Boeing
7D
-1.5%
1Y
33.3%
RKLB
US$43.31
Rocket Lab
7D
-16.6%
1Y
124.5%
ATRO
US$50.12
Astronics
7D
4.8%
1Y
211.5%

ATRO: Multiple New Contract Wins Will Drive Share Performance Ahead

The consensus analyst price target for Astronics has increased from $54.33 to $60.67, a boost of over $6 per share. Analysts point to stronger anticipated revenue growth, improved profit margins, and positive trends in aerospace demand as justifications for the higher valuation.
AXON
US$543.23
Axon Enterprise
7D
-7.1%
1Y
-9.5%
TDG
US$1,335.77
TransDigm Group
7D
3.6%
1Y
6.7%
SPR
US$36.10
Spirit AeroSystems Holdings
7D
1.3%
1Y
15.2%

Spirit AeroSystems: Boeing's Stock Slump Cuts Takeover Value To $37.25

Nov 13
FLY
US$19.48
Firefly Aerospace
7D
1.2%
1Y
n/a
HXL
US$69.91
Hexcel
7D
3.1%
1Y
18.1%
HWM
US$200.28
Howmet Aerospace
7D
-4.5%
1Y
77.0%
HEI
US$310.88
HEICO
7D
-6.0%
1Y
15.3%

Here's Why HEICO (NYSE:HEI) Has Caught The Eye Of Investors

Nov 09
Here's Why HEICO (NYSE:HEI) Has Caught The Eye Of Investors
ATI
US$98.75
ATI
7D
0.7%
1Y
73.9%

ATI: Margin Gains Will Drive Upside Amid Improved 2025 Outlook

Analysts have increased their price target for ATI from $103.86 to $118.00, citing stronger than expected Q3 margins and an improved outlook for 2025 as primary drivers behind the upward revision. Analyst Commentary The recent upward revision in ATI's price target has prompted analysts to evaluate both the company's positive momentum and underlying risks that could affect its longer-term prospects.
CRS
US$332.15
Carpenter Technology
7D
1.5%
1Y
85.3%

CRS: Share Buyback And S&P Index Addition Will Drive Bullish Momentum

Analysts have raised their price target for Carpenter Technology from $338.10 to $376.10, citing improvements in revenue growth and profit margins as key factors behind the increased valuation. What's in the News Completed repurchase of 775,000 shares for $150.99 million under the buyback announced on July 25, 2024 (Key Developments) Issued new earnings guidance, projecting fiscal year 2026 operating income of $660 million to $700 million, which represents a 26% to 33% increase over 2025, and targeting up to $800 million for 2027 (Key Developments) Added to the S&P Aerospace & Defense Select Industry Index (Key Developments) Valuation Changes Consensus Analyst Price Target has increased from $338.10 to $376.10.
LMT
US$470.78
Lockheed Martin
7D
4.1%
1Y
-11.3%

LMT: Future Results Will Reflect Order Momentum Amid Ongoing Execution Risks

Lockheed Martin's analyst price target has risen from $516.56 to $526.88. This change reflects analysts' optimism following robust order activity, an improved revenue growth outlook, and ongoing monitoring of operational performance.
GE
US$300.13
General Electric
7D
-3.8%
1Y
69.1%

GE: Aerospace Engine Demand Will Drive Strong Upside as Production Expands

General Electric’s analyst price target has increased from $327.29 to $343.57, as analysts cite improved commercial engine prospects and a more favorable outlook. This supports a higher valuation.
AVAV
US$283.66
AeroVironment
7D
-15.0%
1Y
43.9%

AVAV: Expanding Defense Programs And New Contracts Will Shape Future Performance

AeroVironment's analyst price target has increased from $384 to $409, as analysts cite the company's expanding addressable market, accelerated revenue growth expectations, and successful portfolio diversification as key drivers for improved valuation. Analyst Commentary Analysts have weighed in on AeroVironment's recent performance and outlook, revealing both optimism and areas of caution regarding the company's future growth, execution, and valuation prospects.