• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts

1

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts

2

Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it

3

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
TechMilitary

The Pentagon Wants 45,000 New Smart Bombs For Fight Against ISIS

By
Clay Dillow
Clay Dillow
Down Arrow Button Icon
By
Clay Dillow
Clay Dillow
Down Arrow Button Icon
February 2, 2016, 2:18 PM ET
A U.S. soldier stands guard in front of their Air F-16 fighter jet at Osan Air Base in Pyeongtaek
A U.S. soldier stands guard in front of their Air F-16 fighter jet at Osan Air Base in Pyeongtaek, South Korea, January 10, 2016. REUTERS/Kim Hong-Ji - RTX21PNTPhotograph by Kim Hong-Ji — Reuters
Add Fortune on Google for similar content.

Eighteen months and 9,000 airstrikes after starting its bombing campaign against the Islamic State in Iraq and Syria, the U.S. is running low on precision bombs and missiles, the U.S. Defense Secretary said Tuesday morning.

Pentagon chief Ash Carter laid out the problem during a preview of the Defense Department’s 2017 budget, which includes a request for $1.8 billion to buy 45,000 smart bombs and other guided munitions. But he also highlighted a shift away from a single-minded focus by the U.S. military on the conflicts of the moment and more on what he termed a “high-end enemy”—that is, a peer military power like Russia or China

“This budget marks a major inflection point for the Department of Defense,” Carter said at an event hosted by the Economic Club of Washington. “In this budget, we’re taking the long view.”

Carter noted that he and President Barack Obama have enumerated five ongoing and evolving challenges that the Pentagon should make its priorities: Russian aggression, China’s rising military might, North Korea’s nuclear ambitions, Iranian influence across the Middle East, and terrorist groups including—but not limited to—the Islamic State in Iraq and Syria (ISIS).

That’s not to suggest the Defense Department plans to give the Islamic State short shrift. Spending on the war against ISIS will would increase to $7.5 billion, growing by 50% over the current budget. Of that, $1.8 billion will go to replenishing stockpiles of precision guided weapons depleted by both the U.S. bombing campaign and through supplying U.S. allies like Saudi Arabia and the United Arab Emirates that are also waging their own air wars against ISIS as well as Houthi rebels in Yemen.

Get Data Sheet, Fortune’s daily newsletter about the business of technology.

From August of 2014 until the end of last year, U.S. aircraft had dropped $1.3 billion worth of bombs in more than 9,000 airstrikes, destroying some 20,000 targets. The campaign reportedly burns through $11.2 million daily at this point—a number that could grow as the Pentagon ratchets up both spending and the intensity of its operations.

The order for 45,000 new guided munitions in the 2017 budget would follow on the heels of a $1.9 billion sale of F-16-compatible weapons to Iraq that the State Department approved last month. Both Air Force Secretary Deborah Lee James and Air Force Chief of Staff Gen. Mark Welsh have expressed concern that demand for guided weapons like the AGM-114 “Hellfire” missile could stress U.S. companies’ production lines (major defense contractors like Boeing (BA), Lockheed Martin (LMT), and General Dynamics (GD) produce most of the components for the munitions in question).

For more on the fight against ISIS, watch:

That hasn’t stopped the Pentagon from planning scaled-up operations. “This will be critical as our updated coalition military campaign plan takes hold,” Carter said of the request for more precision weapons.

Elsewhere in the budget, Carter pointed to investments in the kind of high tech weaponry and infrastructure necessary to fight a 21st century war against military powers like Russia or China. The budget will invest nearly $7 billion in cyber technologies (and nearly $35 billion over the next five years), he said. The 2017 budget will also grow research and development funding, pushing those accounts up to a total of $71.4 billion.

The 2017 budget also calls for a quadrupling of spending in Europe as the Pentagon seeks to deter Russian aggression there and reassure its allies. Spending on U.S. military exercises, heavy weapons, armored vehicles, and other equipment in Europe will leap to $3.4 billion from $789 million, marking a significant shift in U.S. defense policy in Europe. “This is a really big deal, and the Russians are going to have a cow,” Evelyn N. Farkas, who ran the Pentagon’s Russia and Ukraine policy shop until October, told the New York Times.

The full 2017 defense budget will be released next week.

About the Author
By Clay Dillow
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Why the 2026 IPO boom is about to broaden beyond AI mega-deals
InvestingFinance
Why the 2026 IPO boom is about to broaden beyond AI mega-deals
By Sheryl EstradaJuly 11, 2026
43 seconds ago
Apple accuses OpenAI, and former design star Jony Ive’s io Products firm, of stealing hardware trade secrets in blockbuster lawsuit
Big TechApple
Apple accuses OpenAI, and former design star Jony Ive’s io Products firm, of stealing hardware trade secrets in blockbuster lawsuit
By Sebastian HerreraJuly 10, 2026
9 hours ago
OpenAI CEO Sam Altman sitting next to U.S. President Donald Trump at the G7 Meeting in Evian, France.
AIOpenAI
OpenAI’s latest AI model likely has similar cyber vulnerabilities to one that led to U.S. export controls on Anthropic’s Fable, British agency says
By Emily Forlini and Jeremy KahnJuly 10, 2026
9 hours ago
Memory chip giant SK Hynix jumps nearly 13% in Wall Street debut as AI frenzy powers biggest initial share sale in the U.S. by a foreign company
AISemiconductors
Memory chip giant SK Hynix jumps nearly 13% in Wall Street debut as AI frenzy powers biggest initial share sale in the U.S. by a foreign company
By Damian J. Troise and The Associated PressJuly 10, 2026
9 hours ago
Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
Real EstateAnthropic
Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet
By Mia OsmonbekovJuly 10, 2026
11 hours ago
This summer’s hottest IPOs are minting a new class of ultra-high-net-worth ‘IPO Bros’—and family offices are changing how they approach them
SuccessIPOs
This summer’s hottest IPOs are minting a new class of ultra-high-net-worth ‘IPO Bros’—and family offices are changing how they approach them
By Catherina GioinoJuly 10, 2026
13 hours ago

Most Popular

U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
Economy
U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its debts
By Eleanor PringleJuly 10, 2026
21 hours ago
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
Middle East
Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it
By Jason MaJuly 10, 2026
16 hours ago
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
Success
Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts
By Emma BurleighJuly 9, 2026
2 days ago
Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on
Economy
Farm groups saved Bayer in court over RoundUp cancer claims. Five days later, Bayer called for tariffs on the ingredient farmers rely on
By Mia OsmonbekovJuly 9, 2026
2 days ago
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
17 hours ago
Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
Success
Self-made multimillionaire says Canadians 'give no money away' compared with Americans—research shows U.S. giving is more than twice as high
By Preston ForeJuly 9, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.