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January 28, 2026

This month’s newsletter features an update to our table that details Iran's
missile arsenal, which remains one of the largest and most diverse in the
Middle East despite recent losses in several rounds of fighting with
Israel. Iran responded to its poor performance in those exchanges by
seeking to improve the maneuverability of its missiles, including by
testing a new ballistic missile reportedly guided by electro-optical
seekers.

The newsletter also features profiles of China-based entities involved in
the proliferation of a German-designed engine that powers Iran’s Shahed-136
suicide drones, as well as news about Iran’s efforts to replenish its
missile stocks, the impasse between Iran and the International Atomic
Energy Agency (IAEA) over access to bombed nuclear sites, and illicit
Iranian sales of jet fuel and explosives ingredients to the military junta
in Myanmar. Additions to the Iran Watch library include U.S.
counterproliferation sanctions announcements and additional “maximum
pressure” sanctions in response to the Iranian government’s violent
crackdown on protesters.

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PUBLICATIONS

[4]

Test launch of the Qassem Basir missile. (Photo Credit: Iranian Ministry of
Defense and Armed Forces Logistics)

Table | [5]Iran's Missile Arsenal

This table sets forth what is publicly known, claimed, or estimated about
the capabilities of Iran's ballistic missiles, cruise missiles, and space
launch vehicles. Since the last update, Iran expended hundreds of missiles
during its June 2025 war with Israel, as well as two other exchanges of
fire in 2024. Israeli strikes on those occasions damaged Iran’s stockpiles,
launchers, and missile production capabilities. Iran responded to its
missiles’ poor performance in evading air defenses by seeking to improve
the maneuverability of their warheads and reentry vehicles, including by
testing a “Qassem Basir” ballistic missile reportedly guided by
electro-optical seekers.

[6]VIEW THE TABLE

ENTITIES OF CONCERN

A family of Chinese companies linked to a Germany-based aircraft engine
producer has lurked in the background of the [7]proliferation of
Iranian-designed Shahed-136 suicide drones.

[8]Xiamen Limbach Aircraft Engine Co., Ltd.

Chinese company suspected of sharing German engine designs with entities
involved in producing Shahed-136 UAVs developed for the [9]Islamic
Revolutionary Guard Corps (IRGC) Aerospace Force; involved in a UAV
procurement and manufacturing network for the Russian military-industrial
complex.

[10]LEARN MORE

[11]Fujian Delong Aviation Technology Co., Ltd.

A China-based aerospace company; has been the parent company of Xiamen
Limbach Aircraft Engine Co.; owns Germany-based engine producer Limbach
Flugmotoren GmbH.

[12]LEARN MORE

[13]Chen Congming

A Chinese businessman; controls Xiamen Limbach Aircraft Engine Co. and
Fujian Delong Aviation Technology Co.

[14]LEARN MORE

IN THE NEWS

[15]

Iran and Myanmar’s foreign ministers meet in Kampala, Uganda, in October
2025. (Photo Credit: Iranian Ministry of Foreign Affairs)

[16]Iran’s Shadow Fleet Is Fueling the Myanmar Junta’s Air War | Reuters

January 26, 2026: Iranian sales of jet fuel and urea to Myanmar have
enabled a bombing campaign by Myanmar's military junta. Two sanctioned
Iranian tankers, Reef and Noble, together delivered approximately 175,000
tons of jet fuel in nine shipments between October 2024 and December 2025.
The vessels manipulated their AIS trackers to make it appear that they were
travelling between Basra, Iraq, and the port of Chittagong in Bangladesh,
when in fact they were transporting fuel from a National Iranian Oil
Refining and Distribution Company (NIORDC) refinery in Bandar Abbas to the
Myan Oil Terminal near Yangon. The Myan terminal is connected to entities
that have been sanctioned for supplying the junta with jet fuel. In the
past three years, Iran has also supplied Myanmar with an estimated 400,000
to 600,000 tons of urea annually. The bulk cargo vessels Golden ES and
Rasha both made deliveries of urea, which the Myanmar military uses to
produce bombs and other explosives.

[17]Iran: IAEA Must Clarify Stance on June Attacks Before Inspecting Bombed
Sites | Reuters

January 23, 2026: Atomic Energy Organization of Iran (AEOI) head Mohammad
Eslami said that the International Atomic Energy Agency (IAEA) must
"clarify its position" on the June 2025 U.S. and Israeli strikes on Iranian
nuclear facilities before Iran will allow the IAEA to inspect the bombed
sites. IAEA Director General Rafael Grossi earlier said that the Agency had
inspected all of the 13 declared nuclear facilities that were not damaged
in the strikes, but that it has had no access to the facilities in Natanz,
Fordow, and Isfahan that were the main targets of the attack.

[18]Iran's Revolutionary Guards Point to Battle Readiness and Increased
Missile Stockpiles, State Media Says | Reuters

January 14, 2025: Islamic Revolutionary Guard Corps (IRGC) Aerospace Force
commander Majid Mousavi told Iranian state media that Iran has increased
its missile stockpile since its war with Israel in June 2025. Mousavi
claimed that damage to production facilities from the war had been repaired
and that the Aerospace Force's production output "in various areas" was now
higher than it was before June 2025.

FROM THE LIBRARY

The United States sanctioned networks of entities involved in Iranian arms
proliferation.
* The Treasury Department [19]froze the assets of entities involved in
procurement for Iran’s missile and drone programs, as well as a company
engaged in joint drone production with Venezuela – December 30
* The Treasury Department also [20]targeted Houthi weapons smuggling
networks, along with entities and vessels facilitating Iranian oil sales to
the Houthis – January 16
* The United States [21]convened a symposium of 40 countries to discuss
the implementation of restored U.N. “snapback” sanctions on Iran – January
27

The United States and its allies responded to the Iranian government’s
violent repression of protests with new sanctions.
* The G7 [22]condemned the crackdown and threatened to impose restrictive
measures – January 14
* The U.S. [23]Treasury and [24]State Departments designated officials
involved in repression and targeted two money laundering networks used by
Iran to facilitate oil exports – January 15
* The United States subsequently [25]sanctioned nine shadow fleet vessels
and their owners to deny revenue to the Iranian state – January 23

Iran Watch is a website published by the Wisconsin Project on Nuclear Arms
Control. The Wisconsin Project is a non-profit, non-partisan organization
that conducts research, advocacy, and public education aimed at inhibiting
strategic trade from contributing to the proliferation of weapons of mass
destruction.

Copyright © 2026 - Wisconsin Project on Nuclear Arms Control

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