• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Middle EastIran

Iran’s missile barrage tests whether U.S. has enough interceptors

By
Gerry Doyle
Gerry Doyle
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Gerry Doyle
Gerry Doyle
and
Bloomberg
Bloomberg
Down Arrow Button Icon
February 28, 2026, 4:41 PM ET
Explosions from projectile interceptions by Israel's missile defense system are pictured over the Israeli coastal city of Netanya, on February 28, 2026.
Explosions from projectile interceptions by Israel's missile defense system are pictured over the Israeli coastal city of Netanya, on February 28, 2026. Jack Guez / AFP via Getty Images

The ability of the US, Israel and Gulf Arab states to weather Iran’s retaliatory strikes will depend on how many missile interceptors they have — and stocks are most likely dangerously low after intense combat with the Islamic Republic last year.

Recommended Video

Tehran’s main means of offensive operations is long-range attacks with ballistic missiles, cruise missiles, and drones, all of which it launched after Israeli strikes in June 2025.

This time around, Iran reacted to US and Israeli attacks by almost immediately firing on Israel and countries including Qatar, the United Arab Emirates, Saudi Arabia, Kuwait and Bahrain.

Defending against such weapons requires an even bigger number of interceptors — typical military doctrine calls for firing two or three at each incoming target to maximize the chances of hitting it. Stocks of missile interceptors could be in danger of running low within days if the intensity of current Iranian attacks persists, according to a person familiar with the matter.

“Missile interceptors are a big concern, particularly anti-ballistic interceptors,” said Kelly Grieco, a senior fellow at the Stimson Center. “We are using these interceptors faster than we can make them.”

Dozens or more Iranian missiles were intercepted on Saturday around the region, but at least a few got through. The result of continued strikes is that if Iran has more missiles than its targets have interceptors, more attacks will start getting through.

“Magazine capacity was already low” for the US and its partner nations after last year, said William Alberque, a senior adjunct fellow at the Pacific Forum, a foreign policy research institute.

The US fired about 150 THAAD interceptors last June to defend Israel during the 12-day war against Iran, according to the Center for Strategic and International Studies. Those weapons are the highest-end ground-based missile defense system in the American inventory, with each Lockheed Martin Corp. interceptor costing about $15 million. But only a few dozen were purchased last year.

Such weapons are designed to be able to take out ballistic missiles beyond the Earth’s atmosphere. The costs of firing hundreds of them — as well as other types of interceptors — is enormous. In April 2024, Bloomberg reported that it probably cost Israel — as well as the American, British, French and Jordanian air forces — around $1.1 billion to foil missile and drone attacks from Iran. That was for a few hours’ work.

The US and Israeli militaries will try to reduce the number of missiles and launchers Iran has available, and kill top commanders to prevent their use.

The question of which side can outlast the other is a sobering one, said Eyal Pinko, a former naval commander who does research at Bar Ilan University outside Tel Aviv.

“A lot more attacks are coming,” he said in a briefing to the Jerusalem Press Club. “They have thousands of missiles and drones, huge stocks. They will do everything to maintain the regime. This is now an all-out war for their survival.”

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Gerry Doyle
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Middle East

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Middle East

Middle EastIran
Trump calls death of Ayatollah Ali Khamenei the ‘single greatest chance for the Iranian people to take back their Country’
By Jon Gambrell, Konstantin Toropin, Josh Boak, Aamer Madhani and The Associated PressFebruary 28, 2026
59 minutes ago
Middle EastDubai
Dubai’s worst nightmare unfolds as Iran strikes Gulf neighbors
By Dana Khraiche, Fiona MacDonald and BloombergFebruary 28, 2026
1 hour ago
Middle EastFBI
FBI raises terrorism alert over fears of retaliation by Iran
By Myles Miller and BloombergFebruary 28, 2026
1 hour ago
Middle EastIran
Iran’s missile barrage tests whether U.S. has enough interceptors
By Gerry Doyle and BloombergFebruary 28, 2026
2 hours ago
Middle EastIran
Israel seeks Iran’s decapitation while U.S. hits military targets as Trump backs report of Supreme Leader Khamenei’s death
By Jason MaFebruary 28, 2026
2 hours ago
Middle EastIran
Iran is now on ‘death ground’ amid existential threat from U.S. attacks and could ‘go big’ in retaliation, former NATO commander warns
By Jason MaFebruary 28, 2026
6 hours ago

Most Popular

placeholder alt text
Success
Japanese companies are paying older workers to sit by a window and do nothing—while Western CEOs demand super-AI productivity just to keep your job
By Orianna Rosa RoyleFebruary 27, 2026
1 day ago
placeholder alt text
Success
Walmart exec says U.S. workforces needs to take inspiration from China where ‘5 year-olds are learning DeepSeek’
By Preston ForeFebruary 27, 2026
2 days ago
placeholder alt text
Personal Finance
Current price of gold as of February 27, 2026
By Danny BakstFebruary 27, 2026
1 day ago
placeholder alt text
AI
The week the AI scare turned real and America realized maybe it isn't ready for what's coming
By Nick LichtenbergFebruary 28, 2026
13 hours ago
placeholder alt text
Law
China's government intervenes to show Michigan scientists were carrying worms, not biological materials
By Ed White and The Associated PressFebruary 26, 2026
2 days ago
placeholder alt text
Middle East
Iran is now on 'death ground' amid existential threat from U.S. attacks and could 'go big' in retaliation, former NATO commander warns
By Jason MaFebruary 28, 2026
6 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.