As of 2017, the U.S. spends about US$610 billion annually to fund its military forces and Overseas Contingency Operations. Put together, the U.S. constitutes roughly 40 percent of the world's military expenditures. The U.S. Armed Forces has significant capabilities in both defense and power projection due to its large budget, resulting in advanced and powerful technologies which enables a widespread deployment of the force around the world, including around 800 military bases outside the United States. The U.S. Air Force is the world's largest air force, the U.S. Navy is the world's largest navy by tonnage, and the U.S. Navy and the U.S. Marine Corps combined are the world's second largest air arm. In terms of size, the U.S. Coast Guard is the world's 12th largest naval force. 
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In the 2000s, women can serve on U.S. combat ships, including in command roles. They are permitted to serve on submarines. Women can fly military aircraft and make up 2% of all pilots in the U.S. Military. In 2003, Major Kim Campbell was awarded the Distinguished Flying Cross for landing her combat damaged A-10 Thunderbolt II with no hydraulic control and only one functional engine after being struck by hostile fire over Baghdad.