The Ikara anti-submarine missile was designed and built by the Government Aircraft Factory in Melbourne for use from warships developed from the earlier Malkara anti-tank missile. The small, winged radio-guided missile delivered a torpedo carried in the nose of the main body. It was launched by a Mattina booster rocket and sustained on a Murawa rocket motor developed by Bristol Aerojet in Britain. Ikara was fitted to the Royal Australian Navy's River and Perth Class ships and was also used by the navies of Britain, New Zealand, Chile and Brazil. It is now obsolete. The Turana guided missile target was developed from the Ikara but did not enter service.

The Museum's Ikara is serial no. P. 218 manufactured in June 1972. It was donated to the Museum by Aerospace Technologies of Australia (ASTA) in 1993.

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