Not quite, All of the missiles in the salvo that actually destroy the target will be gone. Other missiles arriving in the same 5 second tick will not retarget then. On the next 5 second tick they do retarget if they have some onboard sensor capability. The problem with this is they are usually fairly small sensors, and the target may have moved out of range of their detection.
Brian
But other salvos arriving in the same tick will not explode without retargeting?
So, for example, say I have a wave of five bombers, each of which launches two missiles with onboard active sensors at a waypoint close to a (let's assume stationary) enemy fleet of five ships. Let's assume it takes three missiles to destroy one of the target ships and let's assume every missile hits. Maybe they're shipyards or something. Whatever.
The missiles get to the waypoint and lock on to the first target, ship one. So, the first salvo hits ship one, doesn't destroy it. The second salvo also hits ship one, the first missile destroys it. The second missile in salvo 2 is then wasted? What about salvo three? Does it not impact anything this tick? Does it self-destruct? Will it retarget ship two next tick? Does that mean these missiles will hang around near the waypoint, targetting a new ship each five seconds, until they're all gone?
Sorry about all the questions, I've never used missiles with onboard sensors before, so I'm completely confused as to how this works.