With today being the 4th of July, nothing says The Fourth like setting off a bunch of Nike missiles! 😁
These things first appeared in 1956 Marx military playsets. Later, Marx would make a larger version which appeared in Cape Canaveral sets, but these smaller ones were just right for the Training Center and Battleground sets. I have two of the originals in the collection, but the second one has an incomplete launch mechanism and is missing the compass on the base. Missiles came in a variety of colors: silver, metallic blue, gray, red, white, and blue, and yellow. Overall it measures: 5.75" (14.60cm) D x 3.125" (8.25cm) W x 4.5" (11.43cm) H.
Ed
The launch mechanism is the same one that was used on Marx military trains, as seen below as part of a Marx Cape Canaveral Express train set:

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