Iran deterrence power is the source of stability and peace for the countries of the region, said Iranian President Raisi.

Ebrahim Raisi made the remarks while addressing the unveiling ceremony of an Iranian home-built hypersonic missile on Tuesday morning.

"Defense and missile industries have become indigenous in Iran," he further stated.

As Iran does not import its defense weapons, therefore nothing can threaten to marginalize this advanced industry, Raisi said.

Iran's deterrence power is the source of stability and peace for the countries of the region, President Raisi remarked.

“We build missiles so that we do not suffer from aggression by the enemies and so that we have the power that the enemies would not even think of an act of aggression against the Islamic Republic,” he said.

Missile power means that the region will be safe from evildoers and foreigners' attacks, he said, adding that Iran's message to the people of the region is a message of security.

On Tuesday morning, the Islamic Revolutionary Guard Corps (IRGC) Aerospace Force has unveiled the 'Fattah' indigenously-developed hypersonic missile.

The Iranian hypersonic missile dubbed 'Fattah' has a range of 1,400 kilometers, hits speeds of Mach 13-15, and can breach and destroy all anti-missile shields.