The US Department of Defense (DoD) is set to release its proposed budget request seeking $582.7bn for fiscal year 2017.
US Defense Secretary Ash Carter revealed that the department's budget planning has sought to address five evolving challenges.
These include Russian aggression in Europe, the rise of China in the Asia Pacific, North Korea, Iran, and the ongoing fight against terrorist groups such as ISIS.
Carter said: "In this budget we're taking the long view.
"Even as we fight today's fights, we must also be prepared for the fights that might come ten, 20 or 30 years down the road."
In order to accelerate military campaign against ISIS, $7.5bn has been requested, of which $1.8bn will be used to acquire more than 45,000 GPS-guided smart bombs and laser-guided rockets.
The Pentagon has requested $3.4bn to support the European Reassurance Initiative, to fund more rotational US forces in Europe, additional training and exercising with allies, and more prepositioned fighting gear and supporting infrastructure.
Around $71.4bn has been allocated for research and development, $8.1bn for undersea capabilities, and $7bn for cyber-technological innovations.
According to Carter, investments will also be made to build the future force, open all remaining combat positions to women, and strengthen support to military families.
The budget has also requested the A-10 fleet be replaced with F-35 Joint Strike Fighters in 2022.
Image: US Defense Secretary Ash Carter previews the 2017 defence budget. Photo: DoD /Army Sgt. 1st Class Clydell Kinchen.