Reuters:

Iran will be ready for a new satellite launch in a few months' time after a failed attempt this week, President Hassan Rouhani said on Wednesday, ignoring U.S. and European warnings to avoid such activity.

Iran's bid to send a satellite into orbit failed on Tuesday as the space vehicle, named Payam, did not reach adequate speed in the third stage of the launch.

"We have achieved great success in building satellites and launching them. That means we are on the right track," Rouhani was quoted as saying by state media. "The remaining problems are minor, will be resolved in a few months, and we will soon be ready for a new launch."

The United States warned Iran this month against undertaking three planned rocket launches that it said would violate a U.N. Security Council resolution because they use ballistic missile technology.

France's foreign ministry on Wednesday condemned the abortive launch and urged Iran to cease ballistic missile tests, which Paris sees as of potential use for nuclear weapons.

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