The Pentagon submitted a $67 billion emergency funding request to Congress, with $18.2 billion allocated for replacing and upgrading Patriot missile systems depleted by operations against Iran. The Iran conflict has already cost $37.5 billion, a figure climbing fast enough to trigger urgent congressional hearings in July. The request accompanies a proposed FY2027 base defense budget of $1.5 trillion. Raytheon, the primary Patriot system contractor, and its guided munitions competitors are positioned to benefit from this spending surge. Defense officials warned of potential readiness shortfalls as soon as August if the supplemental funding stalls.
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