US Congress seeks to boost Navy and Air Force fleets in 2026 bill
WASHINGTON (Reuters) -The House Appropriations Committee's Defense subcommittee released its draft bill for fiscal-year 2026 late on Tuesday, which aims to buy one additional F-35 jet versus the Pentagon's 2025 budget request and make investments in naval vessels, and missile defenses.
The powerful committee's draft of its version of the 2026 purchasing bill was released ahead of any formal input from the Trump administration's Pentagon - which has been delayed. The language in the bill shows the Republican-controlled Congress' continued focus on modernizing the U.S. armed forces but sets up a tug of war with the Pentagon over what could be conflicting priorities.
The bill, which still needs input from the full House and Senate, directs the Pentagon to buy 69 Lockheed Martin F-35 fighters for $8.5 billion, 15 Boeing KC-46 aerial refueling tankers for $2.7 billion, and three F-15EX aircraft for $345 million as well as $3.8 billion in funding for Northrop Grumman's B-21 stealth bomber program.
The Pentagon's 2026 budget request, which has not been released, requests 47 F-35s, according to media reports.
The Navy's non-fighter aviation procurement includes four E-2D Advanced Hawkeye aircraft for $1.2 billion and 19 CH-53K heavy transport helicopters for $2 billion.
The bill also emphasizes missile defense, with approximately $13 billion to Missile Defense Agency and the Space Force program's support of the "Golden Dome" initiative. This money would be above the approximately $25 billion that Congress has earmarked for Golden Dome in its reconciliation bill.
The committee's draft bill would also give military personnel a 3.8% increase in basic pay, effective January 1, 2026.
The bill directs the Pentagon to procure 28 naval vessels, including two Virginia-class submarines made by General Dynamics at $6.2 billion. The Columbia-class submarine program would receive $5.3 billion. Both programs have additional funding for advance procurement underscoring the strategic importance of the United States' underwater fleet.
Surface fleet additions would include two DDG-51 destroyers, refueling ships, towing and rescue ships and surveillance vessels.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
Rivian, Lucid Brace for a Rough Ride as EV Headwinds Intensify
Rivian (RIVN, Financials) and Lucid Group (LCID, Financials) are warning that the rest of 2025 will be bumpy; policy changes, trade tensions and supply?chain snags are putting pressure on electric?vehicle makers. Rivian shares slid about 4% after hours; Lucid fell roughly 7%. Warning! GuruFocus has detected 5 Warning Signs with RIVN. The Trump administration has reshaped the EV landscape ending consumer tax credits; imposing steep tariffs on imported auto parts; and scrapping emission fines for gas?vehicle makers. China's tighter export limits on heavy rare earth metals critical for EV motors have only made things worse; supply chains are straining under the weight. For Rivian, that's meant higher costs and shrinking side income from selling regulatory credits. The company now expects a deeper adjusted core loss of $2 billion to $2.25 billion this year; that's up from its prior $1.7 billion to $1.9 billion range. Per?unit costs jumped 8% to about $118,375; lower production added roughly $14,000 per vehicle. A three?week production pause in September will prepare its lower?priced R2 SUV for a 2026 launch; management says the model is key to reaching a wider audience. Lucid avoided the worst of the rare?earth crunch by tapping into existing magnet inventory; still, tariffs have eaten into margins. The luxury EV maker cut its annual production goal; it also warned of softer demand in Q4 once the $7,500 federal tax credit expires at the end of September. Analysts expect a rush of Q3 sales as buyers race to lock in the incentive; the risk is that the pull?forward leaves a hole later in the year. This article first appeared on GuruFocus.
Yahoo
10 minutes ago
- Yahoo
Trump says semiconductors will face 100% tariff unless companies build in US
President Trump said that he will implement a 100% tariff on semiconductors manufactured overseas unless the companies have committed to build in the US. Trump made the announcement during a press event in the Oval Office alongside Apple (AAPL) CEO Tim Cook who was on hand to unveil an additional $100 billion investment in research and manufacturing in the US. "The good news for companies like Apple is, if you're building in the United States, or have committed to build, without question, committed to build in the United States, there will be no charge," Trump said. The semiconductor tariff is a part of the Trump administration's Section 232 national security investigation into chip manufacturing. According to Trump, if a company says it will build in the US, but doesn't, it will once again face tariffs as well as back tariffs. The tech industry has been waiting on tenterhooks to find out what semiconductor tariffs would look like, and whether they would apply to individual semiconductors or to chips built into devices. Additional tariffs could drive up the price of everything from smartphones and laptops to home electronics and more. Apple also is also expected to dodge Trump's newest tariffs on India, which could reach as much as 50% in three weeks, with a White House official saying that the company wouldn't have to deal with the bulk of the tariffs. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Sign in to access your portfolio
Yahoo
10 minutes ago
- Yahoo
Trump Sons Launch $300M SPAC Hunt -- Eyes on American Factories
Donald Trump Jr. and Eric Trump are back in the business spotlightthis time with a $300 million SPAC aiming to scoop up a U.S.-based manufacturer. The blank-check company, New America Acquisition I Corp., disclosed in a securities filing that it's hunting for a deal in the manufacturing space, initially highlighting targets that could benefit from federal or state incentives like grants or procurement programs. That language was later removed from the filing after questions surfaced over possible conflicts of interest, given the Trumps' involvement. Warning! GuruFocus has detected 4 Warning Sign with DJT. The deal structure gives both brothers a significant financial interest. Eric Trump holds 3 million founder shares; Donald Trump Jr. holds 2 million. The SPAC's advisory board also features Kyle Wool, president of Trump Tower-based Dominari Holdingsan investment bank tied closely to the Trump Organization. This is one of several business ventures the Trump sons have recently taken on, spanning drones, crypto, and conservative mediasectors with deep regulatory exposure. Their growing footprint has drawn political scrutiny, though the Trump family has pushed back on any conflict-of-interest concerns. This isn't their first SPAC rodeo. Trump Jr. recently backed GrabAGun Digital Holdings, which just went public through a similar vehicle. And Trump Media & Technology Group (NASDAQ:DJT)the parent of Truth Socialalso completed a SPAC merger earlier in 2024. President Donald Trump holds a major stake in that firm via a trust overseen by Trump Jr., a position that now represents nearly one-third of his estimated $6.4 billion net worth, according to Bloomberg. Whether New America Acquisition I Corp. lands a headline-making deal remains to be seenbut the playbook looks familiar. This article first appeared on GuruFocus.