* Pentagon is set to unveil new budget proposal for fiscal year 2021
* Plan seeks funding for Trump’s priorities, including newly created Space Force
* Budget seeks upgrade of nation’s nuclear weapons arsenal
* Pentagon plans to buy 79 F-35 jets, the new combat plane by Lockheed Martin
The Department of Defense is planning to increase funding for nuclear weapons systems such as intercontinental missiles and submarines while boosting tech research and the Space Force as part of next year’s budget.
The Pentagon’s proposed budget for fiscal year 2021, which begins on October 1, calls for $705.4billion in spending, a slight drop-off compared to the $712.6billion that was approved for this fiscal year.
The planned budget includes shifting resources away from the Air Force to some of President Trump’s new priorities, including the recently created Space Force, Bloomberg News is reporting.
The president is also seeking some military funds to help build his promised border wall along the US-Mexico frontier.
Read more ….
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