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The Maverick has a modular design, allowing for different combinations of the guidance package and warhead to be attached to the rocket motor to produce a different weapon. It has long-chord delta wings and a cylindrical body, reminiscent of the AIM-4 Falcon and the AIM-54 Phoenix.
Different models of the AGM-65 have used electro-optical, laser, and imaging infrared guidance systems. The AGM-65 has two types of warhead: one has a contact fuze in the nose, the other has a heavyweight warhead fitted with a delayed-action fuze, which penetrates the target with its kinetic energy before detonating. The latter is most effective against large, hard targets. The propulsion system for both types is a solid-fuel rocket motor behind the warhead.
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The Maverick was declared operational on 30 August 1972 with the F-4D/Es and A-7s initially cleared for the type; the missile made its combat debut four months later with the USAF in Operation Linebacker II
The first time the Maverick was fired from a Lockheed P-3 Orion
The Maverick was used again in Iraq during the 2003 Iraq War, during which 918 were fired.