Bloomberg reports that a recent U.S. intelligence assessment found that Iran is still producing around 50 ballistic missiles per month, despite months of U.S. and Israeli airstrikes. This is half of what Iran was able to produce pre-war, and contradicts U.S. Defence Secretary Pete Hegseth's recent claims that 80% of Iran’s industrial base has been destroyed. Iran also still has a separate stockpile of components that can be used to assemble additional ballistic missiles. This comes as the IRGC unveiled a new underground "missile city", containing new cruise missile variants, hypersonic ballistic missiles, and other related equipment.