Speaking at the ceremony, Defense Minister Amir Hatami described the missile as "a symbol of self-confidence" and said it is a major defense achievement that indicates Iran's advances in military technologies.
The achievement proves that no barrier can block the Iranian nation's determination in the defense sector, the minister added.
Iran displayed the new missile on state television to mark the anniversary of the 1979 Islamic Revolution.
Iran insists that its ballistic missile program was not part of the 2015 deal with the U.S., France, Britain, Germany, China and Russian Federation.
Washington says although Iran has met the terms, the accord was too generous, failing to rein in Iran's ballistic missile programme or curb what the United States says is interference in regional affairs. Western experts have frequently accused Iran of exaggerating claims about its military capabilities.
Reuter's news agency quoted Amirali Hajizadeh, head of Iran's Revolutionary Guard's aerospace division, as saying that Iranian engineers had surmounted initial obstacles in building engines for its cruise missiles, and can now produce a complete range of such missiles.
A separate U.N. Security Council resolution did, however, call on Iran to halt work on ballistic missiles created to carry a nuclear payload for up to eight years.More news: Apple blocks Google’s internal apps on iOS devices
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U.S. President Donald Trump withdrew from the 2015 nuclear deal with Iran in May of past year, accusing Tehran, among other things, of working to develop its long-range ballistic missile program.
Iran's space programme has also been criticised by the West, with Washington charging that an abortive satellite launch in mid-January was cover for a bid to develop an intercontinental ballistic missile capability. The launch followed a U.S. warning to Iran against undertaking three planned rocket launches that Washington said would violate a United Nations Security Council resolution. The sanctions have crippled Iran's economy, although US allies were given time to reduce their dependence on Iranian oil.
Iran says its missile tests are not in violation of the resolution and denies its missiles are capable of carrying nuclear warheads.
Iran's nuclear chief Ali Salehi during an interview with Reuters in Brussels, Belgium Nov. 27, 2018.
That puts it in range of one of its biggest enemies, Israel.
Tehran insists its missile development program is "purely defensive" and compliant with the resolution.
France said last month it was ready to impose further sanctions on Iran if no progress was made in talks about the missiles.