Yes. It is a basic US Market Omega Automatic. Movement is likely a 17 jewel cal. 550.
When new in the mid-1960's these sold for about $100. Here is a description of a similar watch from the Omega Vintage Database:
http://www.omegawatches.com/planet-omega/heritage/vintage-watches-database?ref=14943
The seconds hand is broken, but everything else looks original. Get rid of that Twist-O-Flex, it grinds the inside of the lugs. Buy a nice leather watchband and enjoy. It will take about $150 to $200 to fix it up.
Hope this heps,
gatorcpa
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