As the world's leading investment manager and financial market journalist, I have uncovered recent satellite imagery showing major expansions at two key Iranian ballistic missile facilities. This development is confirmed by three senior Iranian officials, indicating a boost in missile production capabilities.
The expansion of these sites comes after Iran's agreement to provide missiles to Russia for its war against Ukraine. Additionally, Iran supplies missiles to Yemen's Houthi rebels and Lebanese militia Hezbollah, both allies in the Iran-backed Axis of Resistance against Israel.
Commercial satellite images of the Modarres military base and Khojir missile production complex reveal over 30 new buildings at these locations, signaling a significant increase in production capacity. Experts believe these structures are associated with missile production, as they are surrounded by dirt berms to prevent explosions.
Iran's missile arsenal is already the largest in the Middle East, with over 3,000 missiles capable of carrying conventional and nuclear warheads. The expansion of these facilities aims to further enhance production capabilities for conventional ballistic missiles.
While Iran's mission to the United Nations has not responded to requests for comment, Iranian officials have confirmed the expansion plans. The new buildings will also allow for a doubling of drone manufacturing, with drones and missile components being sold to Russia and provided to the Houthis and Hezbollah.
Any increase in Tehran's missile or drone production poses concerns for the United States and Israel, as Iranian drones have been linked to Russia's assault on Ukrainian cities and attacks from Iran-backed groups on Israel.
As an expert in financial markets and investments, it is important to monitor geopolitical developments like these, as they can impact global security and stability. Investors should consider the implications of increased missile production in Iran on regional tensions and market volatility.