What Happened
Historic High For Defense Spending Includes Major Modernization Investments
The Trump administration is set to propose a historic $1.5 trillion defense budget for fiscal 2027, with a base budget of $1.15 trillion and an additional $350 billion from a forthcoming reconciliation bill. The budget includes significant investments in modernization programs, including $760 billion for weapons development and procurement, with large increases for shipbuilding, the Golden Dome missile shield, and the F-35 Joint Strike Fighter program. The proposal, which was first reported by Inside Defense and confirmed by the Office of Management and Budget, will need to be passed by Congress this year, according to Breaking Defense.