Not to be confused with the first game's version, the Disposable Missile Launcher.
The Disposable Missile Launcher is a returning Equipment Item in Risk of Rain 2.
Activating this item fires a volley of 12 homing missiles from the characters back. These missiles each deal 300% damage, can't collide with walls or terrain, and home in on the closest enemy. The item's 45 second cooldown starts immediately when it's activated.
With a total damage of 3600% damage, (generally)not missing enemies, not requiring aiming, and being able to split among multiple far-apart targets makes this one of the better direct-damage items.