If you're going to monitor MilAir and want to get it all, you must have the 138-144 band (and a few that use 148-150.6) in AM mode along with the 225-400 mHz band also in AM. The primary users of the 138-144 band are all F-16 and A-10 fighter aircraft along with transport units that use it for Command Post and squadron freqs. For instance, Andrews CP is on 141.55, Langley CP 141.75, Venus Control 142.75 and on and on. Most Air Force/Air National Guard bases will have both a VHF and UHF Command Post freq. Additionally, F-15s have just gotten VHF radios and we expect to start hearing them in that band also. The 225-400 band is in use by all military aircraft, not just transports. Naval fighters such as the F-18 use it exclusively. Without the 138-144 AM band available, you will miss a LOT of traffic.
If you're new to this and would like to see how MilAir freqs are spread out across the band and how they're used, check the Sticky Thread for Milair II in the Maryland forum. We generally log what's heard daily. Within the first 50 messages on that thread, I listed all my MilAir freqs spread across several messages. That thread is here:
http://www.radioreference.com/forums/showthread.php?t=44841
Although those freqs won't necessarily apply to your particular area, they'll still give you a good idea of what type units use which freqs. Listening range is generally from 100 to over 200 miles depending on your radio and antenna setup. One of those messages also contains a list of airshow freqs which are used nationwide.
Alan