However, a Pentagon memo declared the parade to be excluding tanks in order to lessen the impact inflicted on roads.
Trump has discussed a parade to show off military strength since he paid a visit to Paris last July and observed the French Bastille Day parade.
"The memo says the parade will integrate with the annual DC Veterans Day parade and focus on the contributions of USA veterans from the Revolutionary War to today 'with an emphasis on the price of freedom, '" CNN reported.
The planned parade is meant to highlight the contributions veterans have made "throughout the history of the U.S. Military", the letter said, dating from the Revolutionary War to present day, "with an emphasis on the price of freedom".
But the event will include plenty of airplane flyovers, according to a memo from the office of Defense Secretary Jim Mattis, whose staff will be in charge of planning the parade.
The parade will also feature period uniforms from the Old Guard Fife and Drum, a unit that parades in period uniform.
The Defense Department had earlier said it was planning for "around" that date, which is known in the United States as Veterans Day and in other countries as Remembrance Day marking the end of World War I.
Trump should be surrounded in the reviewing area at the Capitol by veterans and Medal of Honor recipients, the memo said.
Soon after that, Trump told Fox News that he would forgo the idea if it could not be done at a "reasonable cost", which might help explain the decision to integrate the new parade with one that exists. "I think it's great for our country in terms of being a cheerleader and the spirit".
The Joint Staff will reportedly oversee the planning of the procession, while Northern Command, which oversees US troops in North America, will carry it out.
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