Six Object 950 prototypes were built in 1985 and 1986. The vehicle was manufactured at the Volgograd Tractor Factory in Volgograd, starting in 1990, the last year before the fall of the Soviet Union. While orders for several hundreds of BMD-3s were originally planned, the poor financial situation of the 1990s resulted in severe reductions of these orders.
The Object 950 was a prototype vehicle developed in the late 1980s and early 1990s, with production beginning at the Volgograd Tractor Factory in 1990.  Initial plans for hundreds of BMD-3 orders were scaled back due to financial constraints during the 1990s.