You'll find this missile listed under the 'short range' category, and it's in service with NATO as well as the US Navy. It's a radar-guided surface-to-air missile, designed to shoot threats out of the sky. They're so accurate that they could even intercept and destroy a cruise missile.
They're not a new invention - they've been around since the 1970s - but they've been refined several times since their introduction. Current models have a fragmenting warhead to inflict maximum damage upon a target at the point of impact.