US President Donald Trump is set to unveil a $1.5 trillion defense budget request for the next fiscal year on Friday, by far the largest year-over-year increase in defense spending in the post-World War Two era.
Funding for Trump's marquee but controversial $185 billion "Golden Dome" missile defense shield is expected to be included in the budget request as well as Lockheed F-35 jets and warships.
Procurement of Virginia-class submarines made by General Dynamics, and Huntington Ingalls Industries as well as other top shipbuilding priorities is expected.
Last year, Trump asked Congress for a national defense budget of $892.6 billion then added $150 billion through a supplemental budget request, sending the total price tag over $1 trillion for the first time in history.
While the budget request framework for the fiscal year ending September 30, 2027 is set to be unveiled on Friday, a Pentagon official said more details on the defense budget will be announced on April 21.
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Earlier this year the administration was contemplating whether the $1.5 trillion budget request could be in the form of a $900 billion national security budget, with a $400 billion to $600 billion additional request, similar to the structure used in 2026.
The administration plans to use funds for more weapons production in the hopes of deterring Chinese aggression in the Indo-Pacific region and to rebuild weapons stocks depleted by conflicts in Israel, Iran and Ukraine.
The budget request will be debated in Congress in the coming weeks and months.
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