A radar signal processing system characterizing high instantaneous dynamic range and low system latency is designed based on a specifically developed signal processing platform. Instantaneous dynamic range loss is a critical problem when digital signal processing is performed on fixed-point FPGAs. In this paper, the problem is well resolved by increasing the wordlength according to signal-to-noise ratio (SNR) gain of the algorithms through the data path. The distinctive software structure featuring parallel pipelined processing and “data flow drive” reduces the system latency to one coherent processing interval (CPI), which significantly improves the maximum tracking angular velocity of the monopulse tracking radar. Additionally, some important electronic counter-countermeasures (ECCM) are incorporated into this signal processing system.