Overview

• The Defense Department seeks $961.6 billion for fiscal year 2026, marking a 13% increase over the current budget.
• The proposal dedicates $3.5 billion to develop the F-47 sixth-generation fighter and expands funding for Collaborative Combat Aircraft drones.
• It allocates $25 billion for the Golden Dome missile defense initiative and $47 billion to build 19 new ships.
• The plan includes a 3.8% basic pay raise for military personnel effective January 1, 2026.
• The budget cuts direct aid to Ukraine and reduces Space Force procurement funding despite boosting its research and development resources.