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|Tuesday, July 31, 2001, updated at 22:38(GMT+8)|
Iran Successfully Test-fires Anti-Armor MissileIran has successfully test-fired an anti-armor missile, the Defense Ministry announced in a statement on Tuesday.
"The Saeqeh-1 (lightning) missile enjoys a high infiltration capability and can destroy the most sophisticated armored equipment in the world," the official IRNA news agency quoted the statement as saying.
The missile, tested in two phases, is produced by experts of the Iranian aerospace industry, affiliated to the Defense Ministry, and is "very precise" in hitting targets "thanks to its range and operational capability in different geographical positions," the statement said.
The ministry noted that the missile is to be mass-produced to meet the needs of the Iranian army, and each can save the country 500 million U.S. dollars annually in foreign currency.
Earlier in May, the Islamic republic also successfully test- fired a solid-fueled missile, the Fateh (Victorious) 110.
Iran has been developing a comprehensive defense industry since it was slapped with crippling sanctions during the 1980-1988 Iran- Iraq war.
Last year, Iran's military successfully launched the Shahab-3 missile with a range of 1,300 kilometers and produced a new transport plane, a combat helicopter, a submarine and a guided- missile warship.
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