Hezbollah Received $157 Million in Weapons in 2024, Mostly From One Country, Report Says

Hezbollah received weapons valued at approximately $157 million in 2024, with Iran supplying most of them at no cost, according to a new report by the Israeli nonprofit Center for Research of Terror Financing (CENTEF).

Titled “Hezbollah Financial Statements,” the study drew on open-source intelligence and established estimates of the group’s military assets, the Jerusalem Post reported.

CENTEF estimated that Hezbollah spent about $28 million purchasing weapons. Those acquisitions were primarily small arms, ammunition, drone parts, dual-use equipment and supplies obtained through the group’s international procurement networks.

Iran, by contrast, provided an estimated $129 million in weapons as an in-kind grant, according to the report. The shipments included rockets, missiles, drones, anti-tank guided missiles, air-defense systems, ammunition, launchers, naval equipment and assets linked to improvised explosive devices.

The analysis said Hezbollah acquired 4,000 short-range Katyusha rockets, 400 Falaq-1 and Falaq-2 rockets, and 120 Burkan rockets during 2024. Each short-range rocket is estimated to cost about $300, while a Burkan rocket is valued at roughly $400.

Hezbollah also obtained more advanced systems, including Iran’s Fajr rocket series and heavy rockets of Syrian origin. The Fajr-3 is a 240mm artillery rocket fitted with a 45-kilogram warhead. The Fajr-5 is a 333mm rocket, while the Fajr-5C variant features GPS guidance, according to the Post.

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CENTEF placed the cost of those rockets between $2,000 and $10,000 and estimated that Hezbollah acquired 600 of them in 2024.

Anti-tank guided missiles account for a significant share of Hezbollah’s arsenal. The report identified the Russian-made Kornet and Iran’s reverse-engineered Dehlavieh as the group’s main ATGM systems. A Kornet round costs approximately $26,000, while a Dehlavieh is estimated at $12,000 to $15,000, according to the Post.

Hezbollah has used a substantial portion of its weapons stockpile in attacks against Israel over the past year, while Israeli military operations have severely weakened the group’s leadership.

IDF Lt. Col. (Res.) Sarit Zehavi, founder and president of the Israel-based Alma Research and Education Center, said earlier this month that Israeli forces had destroyed 90% of Hezbollah’s rocket and missile arsenal.

“Today Hezbollah is holding between 10,000 to 15,000 rockets, which is much less than what it used to have. Most of the array of sophisticated missiles, accurate missiles and long-range missiles was either eliminated or neutralized,” Zehavi said.