Iran will launch a new missile production line despite new U.S.-imposed sanctions over its ballistic missile program, Iranian state media reported Saturday.

Iranian Defense Minister Hossein Dehghan told people attending a ceremony Saturday that the Sayyad 3 missile will be able to travel up to 74 miles at an altitude of 16 miles. The device could be used to attack fighter planes, helicopters, and cruise missiles, according to a Reuters report of the remarks.