Secretary of Defense Pete Hegseth said the $1T budget would rebuild the military "fast." (Chip Somodevilla/Getty Images)
The budget for all national security programs, including the Department of Defense, nuclear weapons development and other security agencies, is at $892 billion for this year.
Moving to a $1 trillion Pentagon budget would be a 12% increase over current levels.
But the $1 trillion budget idea comes just as the Pentagon has moved to cut 8% each year for five years from each program to reinvest in modernization. The department is also planning to slash tens of thousands from its civilian workforce and consolidate bases across the world.
"We’re going to be approving a budget, and I’m proud to say, actually, the biggest one we’ve ever done for the military," he said. "$1 trillion. Nobody has seen anything like it.
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President Donald Trump looks at an image of an F-47 sixth-generation fighter jet in the Oval Office at the White House. (Reuters/Carlos Barria)
But the president said the cash influx would be used to kickstart production on new equipment and technologies.
"We’ve never had the kind of aircraft, the kind of missiles, anything that we have ordered," he said. "And it’s in many ways too bad that we have to do it because, hopefully, we’re not going to have to use it."
The Trump administration recently unveiled a Boeing contract for the Air Force's sixth-generation fighter jet, the F-47, which the service branch expects to cost around $20 billion from 2025 to 2029.
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"We know every other plane," Trump said. "I’ve seen every one of them and it’s not even close. This is a next level."
An announcement on the Navy's next-generation fighter jet, F/A-XX, has been stalled, while chief of naval operations Adm. James Kirby told reporters Monday work on the new jet's contract was taking place at "secretary-level and above."
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