Almanac: Insignia of the Armed Forces & Awards and Decorations

The rate of building B-21 bombers would speed up if the fiscal 2026 defense budget passes. But it remains unclear how much capacity would be added, and whether the Air Force would simply build the bombers faster, or buy more.

President Donald Trump on July 4 signed into law $150 billion in defense funds as part of the tax-and-spending package known as the “One Big, Beautiful Bill” after congressional Republicans approved the legislation in narrow, drawn-out votes earlier this week.

The Air Force is requesting about $141 million for initial enlistment bonuses in its fiscal 2026 budget, while Space Force wants $13 million.

The U.S. military is maintaining a beefed-up presence in the Middle East, including fighters and air defense assets, following the U.S. strikes on Iranian nuclear facilities June 22 and subsequent retaliation by the Iranians against Al Udeid Air Base in Qatar.

The Air Force is requesting a $71.2 million increase in hazardous duty incentive pay for commissioned Airmen, as the service expects more officer aviators to take the bonus in fiscal year 2026.

The Pentagon’s fiscal 2026 defense budget, submitted to Congress last week, accelerates the downsizing of the U.S. Air Force. It proposes divesting 340 aircraft, while only acquiring 76. These cuts risk the Air Force’s ability to prevail.  

As the Air Force readied for its June 21-22 strikes on Iran’s nuclear facilities, the service was also putting its Agile Combat Employment strategy into action, dispersing combat aircraft and Airmen from Al Udeid Air Base in Qatar in preparation for a possible Iranian retaliatory attack. Some defense experts say…

Air Force Gen. Alexus G. Grynkewich assumed command of U.S. European Command on July 1, taking over the key assignment as the U.S. and its allies contend with a resurgent Russia and a grinding war in Ukraine.

The Space Force's first planned satellite launch to begin a new missile warning constellation in medium-Earth orbit has slipped from late 2026 to spring 2027 as a key component remains unproven. But the service is making progress and moving forward with plans for new batches of satellites, the Guardian in charge…