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Donald Trump · Pentagon · JPMorgan · US Congress ·

Trump is seeking the biggest defense budget surge in 75 years as the Pentagon stays committed to ‘exquisite’ weapons

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Image accompanies the article at Fortune Technology. No description was extracted from the source.

President Donald Trump’s $1.5 trillion Pentagon budget request for the upcoming fiscal year represents the biggest increase in generations and seeks to transform the industry, according to analysts at JPMorgan.

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Summary

While Congress is unlikely to fund everything the administration wants, the proposal still signals where Trump’s priorities are as the budget process begins. “A global security environment that is less reliant on norms and more reliant on force continues to put upward pressure on defense spending; at the same time, the Trump administration is seeking to remake the U.S. defense industrial base, and there is more capital entering the sector as well,” JPMorgan said in a note on Monday. To be sure, getting a defense budget through Congress could drag on, perhaps even past the midterm elections. For now, the top-line Pentagon budget calls for a 44% increase in fiscal year 2027, which begins this October, including a 77% jump in investments.

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