Falcon Stadium is an outdoor football stadium on the campus of the U.S. Air Force Academy in Colorado Springs, Colorado.It is the home field of the Air Force Falcons of the Mountain West Conference.It also serves as the site for the academy's graduation ceremonies each spring.alcon Stadium was built into a natural bowl southeast of the center of the academic campus (and 500 feet (150 m) below). As with the rest of the campus, Falcon Stadium lies at the base of the Rampart Range of the Rocky Mountains.