"The world's fastest underwater missile was successfully test fired on the third day of the 'Holy Prophet war games'," state television reported in a caption without giving a source or details.
Western nations have been watching developments in Iran's missile capabilities with concern amid a standoff over the Iranian nuclear programme, which the West says is aimed at building atomic bombs. Iran says the program is civilian.
On Friday, Iran's armed forces said they had successfully test fired a domestically produced missile from land which could evade radar.
Iranian state television had said that missile was called Fajr-3. But Hossein Salami, head of the Revolutionary Guards air force, did not name the new weapon or give the missile's range, saying it depended on the warhead weight.
He told state television it was a defensive weapon.
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