Iran and Armenia sign $500-million arms deal
“Iran International has obtained an exclusive list of the military items Iran is set to supply Armenia. That includes drones such as Shahed 136, Shahed 129, Shahed 197, Mohajer, and air defense missile systems like 3rd Khordad, Majid, 15th Khordad, and Arman.
The Iran-Armenia arms deal goes beyond supplying suicide drones and air defense missiles. It also involves intelligence cooperation, close military relations, training, and the establishment of bases on Armenian soil, the source has revealed to Iran International.
Armenia’s Ministry of Finance reported that defense spending in 2024 increased by 81% as compared to 2020. Armenia’s defense budget in 2024 was about $1.4 billion, so the amount being allocated to Iran through this deal, is about a third of that budget. It is not known how Armenia can afford this, but some analysts believe loan payments could be an option.”