Analysts break down real cost of Russian missiles

Key Points
  • Militarnyi obtained procurement documents revealing the unit costs of Russian missiles used in strikes against Ukraine.
  • Contracts show Russia is producing Kalibr, Kh-101, Iskander, Kinzhal, and Zircon missiles at costs ranging from $1.5M to $5.6M each.
  • The documents cover missile deliveries from 2024 to 2027, confirming ongoing large-scale production despite sanctions.

Ukrainian defense news outlet Militarnyi has released a comprehensive analysis of classified procurement documents outlining the true cost and production volumes of Russia’s long-range missile arsenal.

According to the report, the documents shed new light on the scale and financial scope of missile deliveries to the Russian Armed Forces between 2024 and 2027, breaking through years of speculation fueled by inconsistent expert commentary and a lack of verified data.

The report highlights that the Kremlin’s missile strikes on Ukrainian cities and strategic infrastructure have relied heavily on a group of long-range weapons whose names are now well-known to the Ukrainian public: the Kalibr and Kh-101 cruise missiles, the Iskander ballistic missile, and the newer Kinzhal and Zircon systems.

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One of the most frequently deployed land-attack systems is the 9M728 cruise missile, part of the Iskander-K launcher. Designed with a 500-kilometer range and a 480-kilogram warhead, the missile remains a core element of Russia’s deep strike capability. Militarnyi reported that the Novator Design Bureau received at least two contracts in 2024–2025 for a total of 303 missiles. The unit cost ranged from 135 to 142 million rubles, or approximately $1.5 million each.

In parallel, Russia’s defense ministry ordered for the first time a batch of upgraded 9M729 missiles with a reported range exceeding 2,000 kilometers. This missile, the subject of U.S. accusations that led to the collapse of the INF Treaty in 2019, is incompatible with existing Iskander systems and requires a dedicated Iskander-M1 launcher. Militarnyi said 95 of these missiles were contracted in 2025, priced at 146 million rubles or between $1.4 and $1.8 million each.

The sea-launched variant, the 3M14 Kalibr, has been launched from Russian frigates, corvettes, submarines, and Black Sea Fleet vessels. The Russian defense ministry signed two major contracts: one for 240 missiles for delivery between 2022 and 2024, and a second for 450 missiles through 2025–2026. According to the documents reviewed by Militarnyi, the average cost per missile reached 168 million rubles, or around $2 million.

A nuclear-armed version, the 3M14S, was ordered in a limited batch of 56 units, scheduled for delivery between 2024 and 2026. The production cost is expected to fluctuate with the ruble’s exchange rate, ranging from 175 to 190 million rubles or $2 to $2.3 million.

Russia’s air-launched Kh-101 cruise missile, officially known as “Izdelie 504AP,” is the most expensive and technically advanced in the triad. It is equipped with electronic countermeasures and infrared decoys, allowing it to evade heat-seeking air defenses. With a range of over 2,500 kilometers, the Kh-101 is produced by Raduga and deployed by Tu-95MSM and Tu-160 strategic bombers. Militarnyi noted that Raduga received contracts in 2024 for 525 missiles priced at 164 million rubles (about $2 million) each. In 2025, an additional 700 missiles were contracted at a cost ranging from 171 to 194 million rubles, or $2 to $2.4 million.

Another missile referenced in the documents is the Kh-BD, also referred to as “Izdelie 506,” positioned by Russian state media as the successor to the Kh-101. Raduga received orders for 32 units across 2024 and 2026, including conventional and nuclear versions. The unit cost stood at 337 million rubles, or $4.2 million. While originally designed for the future PAK DA bomber, it is expected to be integrated into modernized Tu-160M platforms.

Ballistic missile production, led by the Kolomna-based KBM, remains central to Russia’s targeting of hardened or high-value military objectives. The 9M723 Iskander-M, capable of delivering a 500-kilogram payload up to 500 kilometers, is produced in several warhead configurations. Militarnyi revealed that in 2024 and 2025, Russia contracted 1,202 ballistic missiles across four variants, with prices ranging from 189 to 238 million rubles, or roughly $2.4 to $3 million.

Additionally, 18 missiles with the designation 9M723-2—suspected to be the long-range Iskander-1000—were ordered for 2025 at a cost of 221 million rubles, or $2.5 million.

The Kinzhal missile, labeled by Russia as a hypersonic system, has also been contracted in growing numbers. Based on the Iskander platform, it is launched from MiG-31K aircraft and travels at speeds exceeding Mach 5 during its midcourse phase. However, as Militarnyi pointed out, the missile slows down significantly before impact, making it vulnerable to interception, as demonstrated by successful Patriot engagements. KBM was awarded contracts for 44 Kinzhals in 2024 and 144 more in 2025, with unit costs reaching 366 million rubles, or $4.5 million.

Militarnyi also reported on the 3M22 Zircon missile, a dual-capable anti-ship and land-attack system reportedly deployed from Crimea in 2024. While its effectiveness remains unclear, the defense ministry signed contracts for annual deliveries of 80 units between 2024 and 2026. Prices started at 420 million rubles per missile and rose to 450 million rubles, equal to roughly $5.2 to $5.6 million.

The analysis offers one of the clearest pictures yet of the financial and industrial backbone supporting Russia’s missile campaign. According to Militarnyi, the data reflects not only the true cost of these weapons but also how Russia is prioritizing production and modernization despite facing Western sanctions and increasing battlefield losses.

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