BINGOLooks like a practice bomb used by the Air Force from the late 60's early 70's.
I really don't know?? For now, it just hangs in the work shop as a conversation piece. Several friends have commented on how unique it is but nobody has offered any serious money for the thing. It's not like everyone has one hanging around.Whatcha gonna do with it...!?
No because you are wrong. They used them in the 60s, 70s, and 80s. And I'll bet I'm wrong cause they probably still use them. On the F-111 we used two. The blues ones, like the one you have, were used to simulate gravity dumb bombs. There are orange ones too. They have a large flat leading edge and were used to simulate high drag bombs like the parachute retarded B61 nuke we stood alert with. Cool find. In Idaho there was an Army artillery range about 20 miles from the base. We used to sneak out there and look for treasures. Lots of wild projectiles, but the neatest thing we ever found was the chutes used on flairs. Pretty boring actually.