US space-related priorities and budget analysis: implications for defence companies

Across both the US FY2026 budget and the 2025 'One Big Beautiful Bill Act', space is positioned as an enabling domain for homeland defence and overseas deterrence, redirecting RDT&E, procurement and O&M spending. This report discusses budgetary allocations and how these provide insight into administrative reprioritisation and the technologies that are benefitting from the highest investments as a result. 

This report provides:

• insight into the allocation of US defence space funding across RDT&E, procurement and O&M
• analysis of how US defence objectives translate into technological opportunities
• an overview of the technology, production scale and lifecycle capability of FY2026 space-related defence spending.