Abstract Todays frontiers of material technology are most definitely rooted in the combination of various materials to achieve specific

goals with the greatest efficiency of properties. Carbon nanotubes have captured the imagination of physicists, chemists and material scientists because of their intriguing electronic and mechanical properties at nano dimesions. CNTs would be the building block of Nano Age. This paper enumerates the basics of Carnon Nanotubes, its properties, methodology of manufacture, and the challenges in this technology. The paper further elaborates its potential applications in naval armaments. wherein research is on for making a high energy capacity batteries for torpedoes, nanoscale electronic packages, advanced sensors, higher sensitive thermal detectors for IR missile heads, nanoenergitics munitions and warheads , electromagnetic rail guns to a complete electronic ship. Key words: Carbon Nano tubes, , Field Emission, Microwave Plasma Enhanced Chemical Vapor Deposition system (MPECVD), atomic force microscope, quantum wires, Nanoenergetic munitions, Nanobatteries, Electric warship Electromagnetic rail guns