
What the FY2026 NDAA Actually Changed
Signed into law in December 2025, the fiscal 2026 defense authorization sets policy and program direction — but money still depends on a separate appropriations process that remains unfinished.
Financial reporting on defense and aerospace companies, covering quarterly results, order books, mergers, acquisitions and the export deals moving revenue.

Signed into law in December 2025, the fiscal 2026 defense authorization sets policy and program direction — but money still depends on a separate appropriations process that remains unfinished.

Sixteen months into fiscal 2026, the Defense Department is still operating on stopgap funding, with a January 30 expiration date forcing new decisions on programs and priorities.