A localization method for locating a target that is coupled with a locator transponder associated with a permanent identification code permanently assigned to the locator transponder is provided. The localization method includes: a) transmitting a spread spectrum paging signal carrying the permanent identification code and a shorter temporary identification code temporarily assigned to the locator transponder; b) receiving the spread spectrum paging signal and extracting the temporary identification code carried by the received spread spectrum paging signal; c) transmitting radar signals towards area(s) of earth's surface or sky and receiving echo signals therefrom; d) upon reception by the locator transponder of radar signal(s), generating and transmitting a sequence of watermarked radar echo signals in which a spread spectrum watermarking signal is embedded that includes the temporary identification code; e) carrying out localization operations; f) transmitting frequency-synchronization-aid signal(s); g) receiving the frequency-synchronization-aid signal(s) and estimating a frequency drift affecting a reference frequency provided by a local oscillator of the locator transponder; wherein the locator transponder transmits the sequence of watermarked radar echo signals by using a transmission carrier frequency obtained based on the reference frequency provided by the local oscillator and on the estimated frequency drift.