A target tracking radar system for a guided missile wherein sum and difference signals from a reception antenna are multiplexed at a variable rate into a single channel receiver, the multiplexing rate depending on an alternating reference signal. The output of the receiver is applied to a phase sensitive detector operating in synchronism with the alternating reference signal and whose output is utilised to guide the missile towards the target. The detector output is also integrated and applied to circuit means which produces the reference signal, thereby forming a closed loop. The integrated detector output is also applied to a servo motor which drives the antenna to track the target.