"The Saeqeh-1 (lightning) missile enjoys a high infiltration capability and can destroy the most sophisticated armored equipment in the world," it said in a statement faxed to IRNA.
It said the missile is a product of the experts of the Iranian aerospace industry which is affiliated to the defense ministry.
"The missile, tested in two phases, is very precise in hitting targets, thanks to its range and operational capability in different geographical positions," it said.
The statement added that the missiles are to be mass-produced in the country to meet the needs of the Iranian army.
"Each of locally-produced missile can save Iran 500 million dollars annually in foreign currency," it said.
"Production of such missiles is proof of Iran's ceaseless efforts made by the aerospace industry experts to embark on an ambitious arms program," the statement noted.
In May this year Iran also successfully test-fired a domestically made solid-fueled missile. The surface-to-surface rocket can be guided to destroy targets with high accuracy.
The Fateh (Victorious) 110 was planned and produced totally by Iranian experts at its army headquarters as part of efforts to achieve military self-sufficiency.
The military has earlier announced a comprehensive campaign to produce and promote the manufacture of conventional arms for defensive uses in a bid to counter crippling sanctions imposed in the aftermath of the 1980-1988 Iraqi-imposed war.
The United States and the Zionist regime have voiced concern over Iran's success in domestically producing arms in an effort to divert world attention from the real threats posed by the Israeli regime which has one of the world's largest nuclear arsenal.
The campaign began last year when Iran test-fired a version of its Shahab-3 missile with a range of 1,300 km (800 miles).
The U.S. has also tried to drum up efforts against the threat of the Islamic Republic selling more arms to regional countries.
Iran has claimed big strides in the development of its domestic defense industry. It has produced a new transport plane, a combat helicopter, a submarine and a guided-missile warship.
... Payvand News - 7/31/01 ... --