What is the annual event at USAFA where military and civilian leaders are celebrated?

The annual event at the United States Air Force Academy (USAFA) that celebrates military and civilian leaders is the Graduation Ceremony. During this significant occasion, cadets who have completed their training and education are awarded their degrees and commissions as Second Lieutenants in the Air Force. This ceremony not only marks a pivotal milestone in the cadets' lives but also serves to acknowledge the contributions of military and civilian leaders who support the Academy and are instrumental in shaping future leaders of the Air Force. The presence and speeches of esteemed military officials and notable civilian leaders enhance the importance of the event, making it a key celebration of leadership and service.

The other options, while notable events at the Academy, do not specifically focus on honoring leaders in the same way the Graduation Ceremony does.