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FY21 Air Force Budget Priorities and Opportunities

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

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