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The Panzerfaust (English: "Armor Fist" or "Tank Fist") is an inexpensive, single shot, recoilless anti-tank weapon produced by Germany during World War II. It consists of a small, disposable pre-loaded launch tube firing a high-explosive anti-tank grenade, and was intended to be operated by a single soldier.
The Panzerfaust's direct ancestor was the similar, smaller-warhead Faustpatrone ordnance device. The Panzerfaust was in use from 1943 until the end of the war. The weapon's concepts played an important part in the development of the later Russian RPG weapon systems such as the RPG-2. Most notably, the RPG-7 added a sustainer rocket motor to the grenade.
— In-game description
Compared to other shoulder-fired weapons, the Panzerfaust has greater drop and less range, as it does not propel itself further after being launched.
The Panzerfaust must be aimed before firing—it cannot be hip-fired. The large leaf sight (set to the 60m mark) can obstruct vision while aiming. Both the sound of the weapon being fired and the disposable launch tube being dropped can attract undue attention.