Abstract: A launching and regulation system that incorporates an expendable towing and deployment mechanism for use with a towed aerobody that provides for launching and controlled tow line payout between the towed aerobody and a towing vehicle. The system comprises a housing, a nonrotating spool disposed in the housing, and a tow line wound around the spool that is coupled between the aerobody and the vehicle. The tow line preferably comprises a photonic, fiber optic, link. The launching mechanism comprises a plurality of impulse cartridges for deploying the aerobody and severing the tow line at a predetermined time. A spring piston is disposed inside a wedge-shaped tube that confines expanding gasses within the tube that are generated by an impulse cartridge and moves the spring piston to launch the aerobody. The regulation mechanism may comprise a mechanical system or adhesive resin system. The mechanical system comprises a rotatable wedge-shaped tube, and the tow line is wrapped around it.