The SMAW-D fuze works as follows:
Each round has a unique fuze that automatically selects the proper detonation mode to maximize warhead destructive effects on each target. If the rocket hits a soft target, such as a sand-bagged bunker, the fuze delays warhead detonation until the rocket has buried deep into the target. Warhead burial produces the signature HEDP heaving effect, which devastates these soft targets. Rocket impact on a building wall, lightly armored vehicle, or other hard target causes the fuze to detonate immediately. The warhead's high explosive charge is therefore squashed against the target, which results in enormous target holes and propels large fragments inside the vehicle or behind the wall.
It appears that the SMAW-D warhead is actually a squash head type of explosive (plastic explosive).
The NE round is an explosive that is surrounded by the thermobaric booster. These boosters are not exactly 'squashable'.
Check the video
http://warfare.ru/?catid=278&linkid=1847&video=true
If you slow frame it, its apparent that after the quick initial explosive, a great heaving effect is made afterwards.
grenade launcher
http://www.shipunov.com/eng/str/grenades/gm94.htm
[ January 01, 2006, 08:41 PM: Message edited by: Goatsee ]