The document discusses different types of missile guidance systems: 1) Infra-red homing missiles use heat radiation from the target for guidance and are fire-and-forget weapons that are very accurate and relatively inexpensive. 2) Semi-active radar homing missiles require the launching aircraft to track the target and reflect radiation back to the missile, making the launching aircraft vulnerable. 3) Active radar homing missiles track the target with their own radar, are fire-and-forget, have long range but are costly.