What you appear to have is a Ratrappante or Split-Second stopwatch. Slava produced various models of these at least from the 50s to the 70s, yours dates from the fourth quarter of 1969.
Another variant model is this:
They are often described as military but I don't know if this is necessarily the case.
Super cool waterproof example, a serious find Luis965! Hope you can locate one of the pushers to make your example complete!
I presume its just a press fit cap, so perhaps the missing one can be replicated
Wow, that is an extremely nice find!
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