A cannon launched guided projectile having a gyro based electro-optical target finding and guidance system which includes an optical system carried by a gyro to provide target location information for an electronic system to produce gyro rotor torquing signals and for producing projectile guidance signals from gyro pickoff outputs is disclosed. The electronics system includes two difference channels for processing pitch and yaw signals responsive to the electrical output of a light detector and a sum channel for controlling the two difference channels responsive to target acquisition and master trigger signals.