Bloomberg reports that a recent US intelligence assessment found that Iran still produces about 50 ballistic missiles a month, despite months of US and Israeli airstrikes. This is half of what Iran was able to produce before the war, and contradicts recent claims by US Defense Secretary Pete Hegseth that 80% of Iran's industrial base has been destroyed. Iran also has a separate stockpile of components that can be used to assemble additional ballistic missiles. It comes as the Revolutionary Guards unveiled a new underground "missile city," containing new versions of cruise missiles, hypersonic ballistic missiles and other related equipment.

Bloomberg reports that a recent US intelligence assessment found that Iran still produces about 50 ballistic missiles a month, despite months of US and Israeli airstrikes. This is half of what Iran was able to produce before the war, and contradicts recent claims by US Defense Secretary Pete Hegseth that 80% of Iran's industrial base has been destroyed. Iran also has a separate stockpile of components that can be used to assemble additional ballistic missiles. It comes as the Revolutionary Guards unveiled a new underground "missile city," containing new versions of cruise missiles, hypersonic ballistic missiles and other related equipment.