Iran will be unveiling three new satellites at a ceremony to take place Wednesday in the presence of President Mahmoud Ahmadinejad, according to reports from Iran's state-run news agency. In 2009, Iran launched its first satellite, called Omid. Wednesday's news broadcast is a source of concern in the international community since continued statellite development will allow Teheran to develop a more accurate ballisitc missle system, as well as a longer-range capability – potentially being able to hit not only Israel but European cities as well.