Sentry Eagle had been scheduled to take place over a 4 day period in mid-July.
The Sentry Eagle open house normally attracts a crowd of more than 10,000.
Organizers says the cancellation is due to the pandemic, and risks posed to the public and visiting military units.
Construction projects at Kingsley Field will prevent the event from being held in 2021.
Planning is already underway for Sentry Eagle 2022.