How can I create a new executable target in Xcode

[tbop]

Hi there,

Yesterday I was trying to take over a former Xcode project of my new company but it turns out that every time after building there wasn't any application nor iPhone simulator run. After having a look at the "iPhone Simulator" scheme I've quickly come to the conclusion that for a -still unknown- reason there wasn't an application configured as a target in the Xcode project.
And what could actually seemingly look like the application is at the moment configured as a static library, odd.
Therefore I'm not able to choose any application to launch automatically in the default iPhone Simulator's scheme provided by the SDK.

I've spent almost two hours searching on the Internet where I could create a proper executable target on Xcode but despite all my efforts I've never found anything concrete yet.
I went through the project's settings, into the targets' scroll-list, clicked on + but couldn't find any option called "add new target". I also created a new default iOS project with a proper executable target configured and tried at least to match what wouldn't match between them... but still no clue, the so-called static library's settings seem to look like the proper executable's settings.

Any idea?

Cheers

Regards to Steve!