A location and guidance system including a flying craft and a reception device. The flying craft includes a plurality of antennas distributed around its fuselage and emitting rearwards with rectilinear polarization, the emitted signals being specific to each antenna, the positions and the dimensions of the antennas being configured such that the body of the flying craft avoids by masking for at least one antenna the reflections of the signal emitted by this antenna off the ground or off lateral obstacles whatever the position of the flying craft. The reception device is placed substantially on a trajectory axis of the flying craft and configured to be oriented to sight the rear thereof and includes at least two single-pulse antennas operating in orthogonal planes determines a position of the flying craft by analyzing the emitted signals received by the antennas of the reception device.