DARPA’s program to make a guided large-caliber round has met with some initial success. The video below demonstrates the technology which, while in its infancy, looks very promising:

Time Magazine has a short article on the new round:

The U.S. military has developed a self-steering bullet that can change direction midair to hit a moving target, and now you can see it in action.

The Department of Defense’s research agency, DARPA, releasedfootage on Monday showing the bullet, after completing a prototype in February, as part of DARPA’s Extreme Accuracy Tasked Ordnance (EXACTO) program. Footage posted to DARPA’s official YouTube channel shows live-fire tests by an expert sniper and a first-time sniper. In both cases, the bullet course corrects in midair, speeding toward a target even if it’s not centered in the crosshairs. An optical guidance system enables the bullet to compensate for weather, wind and other factors that might push it off course.

DARPA hailed the results as the “most successful” live-fire test of the technology to date.

New technologies such as EXACTO and Tracking Point will benefit special operations first, but eventually the technology will become cheaper and it will trickle down and become more widespread.

CNN also covered the EXACTO project with a short video segment embedded in an article on their website.