Pentagon leaders place $25 billion price tag on Operation Epic Fury
Members of the House Armed Services Committee also pressed Defense Secretary Pete Hegseth on the recent firing of Army and Navy leaders.
Members of the House Armed Services Committee also pressed Defense Secretary Pete Hegseth on the recent firing of Army and Navy leaders.
The Defense Department stated in a legislative proposal that it will likely spend about $50 million in fiscal 2026 to get the ball rolling on a name change.
OMB Director Russ Vought pointed to large shipbuilding backlogs as one way defense contractors are benefiting from program delays.
The company plans to spend $200 million in 2026 to accelerate B-21 production, Northrop CEO Kathy Warden said.
The competition for the Navy's sixth-generation fighter contract has narrowed to Northrop Grumman and Boeing.
“Defense hawks want defense money in the reconciliation bill. I’m trying to keep it as small and focused as possible,” said Sen. Lindsey Graham, who chairs the Senate Budget Committee.
OMB Director Russell Vought defended the use of reconciliation to pay for $350 billion in defense, saying the move would ensure that funds “aren’t held hostage” during traditional the appropriations process.
With $70.5 billion in the FY27 budget request for munitions, a handful of analysts said they expect the Pentagon to spread the funding over several years and to fuel multiyear buys.
Operations in Iran, midterm elections and GOP intraparty politics could all complicate the defense budget's path to President Donald Trump's desk.
Everything you need to know about the record setting fiscal 2027 defense budget request.
The fiscal 2027 request, to be formally revealed Friday, marks the first time that base budget defense spending has hit the $1 trillion mark, with reconciliation funds on top of that.
Experts and former defense officials said exemptions to the tariffs imposed by the Trump administration have somewhat blunted the financial impact on the defense industrial base.
The deal follows a similar seven-year framework agreement with PAC-3 prime Lockheed Martin, announced in January, to expand interceptor production.
President Donald Trump has indicated plans to request $1.5 trillion in defense funding in FY27, but it is unclear whether that sum will stem purely from the base budget.