Defense Budgets & Spending News

Bloomberg • Brian Platt

Canada’s F-35A acquisition cost nearly doubles to C$33 billion amid pilot shortfall

Canada’s plan to acquire 88 Lockheed Martin F-35A jets will see costs soar to more than C$33 billion (US$24 billion), nearly double the C$19 billion estimate, according to the Auditor General. The report also flags critical pilot shortages and infrastructure delays threatening the fighter program.

2025-06-10T10:03:35.323612-07:00

Bloomberg

Pentagon halves FY25 F-35 jet procurement, cutting request to 24

2025-06-10T20:43:20.273763-07:00

FlightGlobal

Canada to Hit NATO 2% of GDP Defence Spending Target This Fiscal Year, Five Years Early

2025-06-09T12:34:39.841440-07:00

DefenseNews.com

France backs €1.6 billion Eutelsat capital raise to bolster OneWeb against Starlink

2025-06-20T05:51:45.150791-07:00

Defense Budgets & Spending News Timeline

Aviation Week

Pentagon Uses $113B Reconciliation Boost to Propel Defense Innovators The Pentagon’s fiscal 2026 proposal keeps base funding flat but leverages a $113 billion reconciliation package to turbocharge procurement in areas like hypersonics, space and AI, creating unprecedented entry points for nontraditional defense firms to compete with established primes for new contracts.

2025-07-03T13:15:08.579623-07:00

Pentagon Uses $113B Reconciliation Boost to Propel Defense Innovators

Air & Space Forces Mag

Pentagon’s FY2026 Budget Slashes USAF by 340 Jets, Funds Only 76 Acquisitions The Pentagon’s fiscal 2026 budget proposal accelerates the U.S. Air Force’s fleet reduction, divesting 340 aircraft while funding just 76 new acquisitions, underscoring a net capacity decline. Officials warn these cuts jeopardize readiness and call on the administration and Congress to bolster airpower investments.

2025-07-02T14:51:29.166886-07:00

Pentagon’s FY2026 Budget Slashes USAF by 340 Jets, Funds Only 76 Acquisitions

Aviation Week

US Air Force Proposes One-Third Cut to JetZero’s Z4 Blended-Wing Demo in FY2026 Request The Air Force’s FY2026 budget request would slice roughly one-third of funding from JetZero’s Z4 blended wing body demonstration, risking delays to the startup’s all-wing demonstrator under Pentagon R&D programs. The proposal reflects tightening defense appropriations amid broader budget scrutiny.

2025-07-01T01:39:42.089393-07:00

US Air Force Proposes One-Third Cut to JetZero’s Z4 Blended-Wing Demo in FY2026 Request

Air & Space Forces Mag

US Air Force Munitions Funding Surges in FY2026 Budget Request The U.S. Air Force’s FY2026 budget request propels munitions procurement back to near-record highs under reconciliation, boosting spending across air-to-air, air-to-ground and hypersonic weapons. Future sustainment of this spending spike hinges on congressional appropriations beyond FY26.

2025-06-28T05:49:46.712075-07:00

US Air Force Munitions Funding Surges in FY2026 Budget Request

Air & Space Forces Mag

USAF’s 2026 Budget Cuts F-35 Buys, Boosts F-15EX Orders and Rebalances Fighter Fleet In its fiscal 2026 budget request, the US Air Force proposes reducing F-35 Lightning II procurement while increasing F-15EX orders and adjusting force-structure investments in both 4th- and 5th-generation fighters. The shift aims to address rising sustainment costs, readiness shortfalls and evolving mission requirements.

2025-06-26T16:03:07.861927-07:00

USAF’s 2026 Budget Cuts F-35 Buys, Boosts F-15EX Orders and Rebalances Fighter Fleet

Skies Magazine

NATO Allies, Led by Canada, Agree to Raise Defence Spending to 5% of GDP by 2035 At the NATO Summit in The Hague, Canada’s Prime Minister Mark Carney pledged to raise Ottawa’s defence spending to 5% of GDP by 2035. NATO Secretary-General Mark Rutte said all alliance members have backed the new 5% GDP target, up from 2%, adding roughly $150 billion in annual funding.

2025-06-25T07:14:59.714629-07:00

NATO Allies, Led by Canada, Agree to Raise Defence Spending to 5% of GDP by 2035

Air & Space Forces Mag

Defense Industry Can Scale Up Rapidly if Government Underwrites Idle Capacity, Northrop Says The US defense industrial base has untapped production capacity that could be mobilized to meet rising munitions and system demands if the government agrees to absorb the fixed costs of unused facilities, a Northrop Grumman executive told analysts. The comments highlight funding as the key lever for production surges amid growing defense budgets.

2025-06-24T16:11:24.999940-07:00

Defense Industry Can Scale Up Rapidly if Government Underwrites Idle Capacity, Northrop Says

Financial Times

Germany Plans to Accelerate Defence Spending Growth, Outpacing France and UK Germany this week announced plans to ramp up its defence budget at a faster annual rate than France or the UK. The accelerated spending, set to unfold over the next budget cycles, underscores Berlin’s response to evolving security dynamics in Europe.

2025-06-23T23:55:29.955724-07:00

Germany Plans to Accelerate Defence Spending Growth, Outpacing France and UK

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