As a Veteran (and a female) I think any quilt will be honored no matter the colors. I personally would at least have some of their service colors represented. Blue for Air Force or Navy. Red for Marines, Green for Army, ect...
I've pieced my grandfather (WWII Navy Veteran) a RWB quilt to honor his Naval background. It's not a QOV quilt per sey. I don't want a long armer to quilt it- I would rather do that myself.... I just need to sandwich and FMQ it up. I wanted to do it by Veterans Day, but looks like Christmas might be when it's completed. My children keep me hopping with football and cheerleading practice services. Not to mention this thing called a full time job.
Here's my quilt- very simple pattern called fat quarter fizz--
http://www.quiltingboard.com/picture...t-t254146.html