Daily Report

June 25, 2026

Radar Sweep

Air Force Could Spend $1.5B, Get ‘Doomsday Plane’ Data in T-7 Engine ‘Horse Trade’

Breaking Defense

After years of struggles on the T-7 Red Hawk program, Air Force officials in January 2025 decided to take a different direction, implementing a new strategy called “active management” that offered prime contractor Boeing a series of financial incentives in exchange for meeting certain goals. A year later, the Air Force and Boeing are discussing a new expansion, one that the service has internally assessed could cost taxpayers over a billion dollars, according to previously unreported Air Force documents viewed by Breaking Defense.

Pentagon Races to Spend $152B Reconciliation Pot—or Face Cuts

Breaking Defense

The Pentagon is in a race to get $152 billion in 2025 reconciliation spending under contract by the end of September or lose a chunk of the cash. The Pentagon has already issued guidance to its program offices on how to spend the money before the deadline hits at the end of the fiscal year, a senior department official told Breaking Defense this week.

Lockheed Eyes Air Force Test of Extreme-Range Missile by Year's End

Axios

Lockheed Martin plans to flight test an in-development, extreme-range cruise missile with the U.S. Air Force by the end of the year. Lockheed first teased the AGM-158 XR in late 2024. The world's largest defense contractor by revenue now says it's part of a bigger push into customizability.