An unnamed Western official told Bloomberg that Iran may still produce about 50 ballistic missiles a month, roughly half its prewar rate, and likely has at least 1,700 missiles remaining.
Bloomberg said the official was citing military intelligence reports. The assessment has not been made public, and Bloomberg said Iran's prewar stockpile and the number of missiles replaced after launches or destruction were not established.
Bloomberg Economics estimates cited by Bloomberg put Iran's launches since the conflict began Feb. 28 at at least 2,200 ballistic missiles and more than 4,900 Shahed propeller-driven attack drones.
The Islamic Revolutionary Guard Corps (IRGC) Aerospace Force displayed weapons at a site it described as a new underground “missile city.” Tasnim, an IRGC-affiliated news agency, reported the unveiling Nov. 10 and said the display included ballistic and cruise missiles and launchers.
Iranian Armed Forces Chief of Staff Maj. Gen. Ali Abdollahi and IRGC Aerospace Force commander Brig. Gen. Majid Mousavi attended, Tasnim reported.
The Associated Press said edited, partly blurred broadcast footage did not identify the site's location or establish when officials visited it. Tasnim reported the unveiling on Nov. 10; that date did not establish when the visit shown in the footage took place.
IRGC spokesperson Brig. Gen. Hossein Mohebbi told Tasnim that missile and drone production lines had been moved underground and could continue operating under heavy bombardment. His statement did not establish the production rate or role of the location shown.
Defense Secretary Pete Hegseth separately described Iran's defense industrial base as gone and said more than 80% of its nuclear industrial base was gone, the Associated Press reported. The nuclear figure does not measure ballistic missile output. Bloomberg framed the reported production capacity as a possible means of retaliation if hostilities resume.
