The invention relates to an interceptor type system for neutralizing a shaped charge threat, which comprises: (a) a detection system for detecting an approach of a shaped charge projectile, for calculating upon such detection its course of approach, and for activating an interceptor to create a flux of intercepting fragments within a destruction corridor; and (b) one or more of said interceptors, each comprising one or more magazines of fragments, each magazine comprises said fragments and an explosive layer which in turn explodes thereby to create said flux of intercepting fragments within said destruction corridor.