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FT: Secret $500M Iran-Russia Deal for Anti-Aircraft Missiles

Published February 23, 2026, 09:21
FT: Secret $500M Iran-Russia Deal for Anti-Aircraft Missiles

Iran has entered into a secret $500 million deal with Russia for the acquisition of thousands of advanced man-portable air defense systems (MANPADS) 'Verba' and 2,500 '9M336' missiles. The agreement, signed in Moscow in December, stipulates deliveries in three phases between 2027 and 2029. This move comes as Iran seeks to rebuild its air defense after suffering damage in a recent war with Israel. The Verba system is a modern Russian air defense system capable of targeting various targets. Russia appears to be seeking to strengthen its relationship with Iran after failing to support it during the recent conflict.