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2027 budget

Where Things Stand with the Pentagon’s $350 Billion Reconciliation Request

June 17, 2026 | By Matthew Cox
With key members of Congress wavering on the possibility of a $350 billion defense reconciliation bill, defense experts told Air & Space Forces Magazine that the Pentagon is likely drawing up budget backup plans—but such plans would face hard choices between high-end weapons and low-cost ...

U-2 Would Avoid Chopping Block Under Draft Spending Bill

June 10, 2026 | By Stephen Losey
The famed U-2 Dragon Lady spy plane could get a reprieve from the Air Force’s chopping block under a new 2027 spending bill proposed by the House Appropriations defense subcommittee.

Air Force Seeks New Gearboxes for CV-22 in ’27 Budget

June 3, 2026 | By Greg Hadley
The Air Force plans to spend $213 million on its CV-22 fleet in fiscal 2027, about one-fifth of a $1.12 billion investment in the tiltrotor aircraft across the Pentagon.

USAF to Buy Thousands of New Radios to Help Rescue Downed Pilots

May 14, 2026 | By Greg Hadley
The Air Force plans to start buying thousands of advanced new handheld radios in 2027 for downed aircrew to communicate with search-and-rescue forces, a capability spotlighted earlier this year during the recovery of two aviators shot down in Iran.

Pentagon Says US Has Spent Around $29B on Iran Operations, Full Cost Remains Unclear

May 12, 2026 | By Chris Gordon
The cost of operations against Iran has risen to $29 billion, a senior Pentagon official told lawmakers May 12, a $4 billion increase from the Department of Defense’s last public estimate two weeks ago.

USAF Plans $3 Billion-Plus for Executive Airlift, Air Force One

May 4, 2026 | By Todd South
The Air Force is planning to spend $2.19 billion over the next five years to acquire new C-37 jets for transporting military and civilian leaders. That’s on top of another $1.17 billion in projected funding for the VC-25B “Air Force One” replacement.

Space Force Eyes Operations ‘Hub’ for Expansive Data Transport Constellation

May 4, 2026 | By Courtney Albon
The Space Force plans to stand up a Mission Operations Center to manage the backbone of its hybrid commercial-government data transport constellation, the Space Data Network.

What the F-47’s Projected Budget Suggests About Its Development

May 4, 2026 | By Stephen Losey
Research and development spending on the Air Force’s sixth-generation F-47 fighter and its advanced propulsion system is expected to peak in 2028 before dropping in the following years, according to Air Force budget documents.

Pentagon’s Big Bet on Reconciliation Sparks Lawmaker Concerns

May 1, 2026 | By Courtney Albon
The Pentagon is counting on Congress to navigate a legislative tightrope and pass a party-line bill to fund nearly a quarter of its $1.5 trillion budget request for fiscal 2027, including billions of dollars for top priorities like Golden Dome, the F-35, munitions, and unmanned ...

Air Force Requests 1.1M Flying Hours in 2027 but Says Pilots Need More

April 29, 2026 | By Stephen Losey
The Air Force is seeking funding to let its pilots fly a little more than 1.1 million hours in fiscal 2027, which would be the most in about four years. But even if Airmen actually do fly all 1.1 million hours, it would still be ...

Iran War Has Cost $25 Billion So Far, Pentagon Says

April 29, 2026 | By Chris Gordon
The war in Iran has cost about $25 billion so far, Pentagon officials told Congress on April 29, providing the first public estimate of the cost of Operation Epic Fury.

USSF Budget Offers First Glimpse at Plans for ‘Space Data Network’

April 29, 2026 | By Courtney Albon
The Space Force plans to expand the scope of its data transport constellation in the next few years, kick-starting a competition to bring on new commercial capabilities and procuring nine launches in fiscal 2027 to support the hybrid satellite communications network.

Latest News

Where Things Stand with the Pentagon’s $350 Billion Reconciliation Request

Air Force Selects Both General Atomics and Anduril for CCA Production

Lawmakers Push for More New Sensors to Track Hypersonic and Ballistic Missiles

Lawmakers Move to Replace MC-130s Destroyed in Iran Without Supplemental

Air Force Identifies Eight Crew Killed in B-52 Crash

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Air & Space Forces Magazine is the official publication of the Air & Space Forces Association, 1201 S. Joyce St., C6 / Second Fl., Arlington, Va., 22202. Copyright 2026

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