WASHINGTON, April 2 (Reuters) - U.S. 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 Martin F-35
jets and warships.
Procurement of Virginia-class submarines made by General
Dynamics ( GD ), and Huntington Ingalls Industries ( HII ) 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.
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.
(Reporting by Mike Stone in Washington)