The Air Force is preparing for a new wave of spending on aircraft procurement, IT modernization, readiness, and Space Force within a constrained overall budget. This Bloomberg Government report examines where the money is going in air, space, and cyberspace capabilities.
Key takeaways include:
- The Air Force’s fiscal 2021 budget request of $207.1 billion represents a slight increase from the 2020 enacted level
- The Air Force leads all military services in RDT&E spending – $47.7 billion in fiscal 2021
- The IT budget sits at $8.2 billion in fiscal 2021, a slight reduction from the FY 2020 level