The Trump administration proposed a 13% increase in the U.S. defense budget for fiscal 2026, potentially making it the first budget to surpass $1 trillion. Historically, the U.S. has maintained the world’s largest military expenditure, with 2024 figures exceeding $900 billion, far outpacing China. The country hosts the highest number of billion-dollar defense contractors and imports military equipment as well. The private sector plays a crucial role, with 41 of the largest defense contractors being American, underscoring the interconnectedness of national security and private industry.
The U.S. defense budget is set to exceed $1 trillion in 2026, with significant reliance on private sector contractors for military products and services.
#us-defense-budget #military-spending #private-defense-contractors #national-security #trump-administration
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