A cylindrical warhead is divided into a conical central segment and peripheral segments. The central segment has a disk-shaped liner bounding a cavity with high explosive and forming a penetrating projectile. The peripheral segments are hingedly attached to the central segment and have outer segment faces bounding respective cavities with high explosive, the segment faces forming sidewalls of the warhead in a closed position. The peripheral segments can be released to an open position in which the segment faces point in the forward direction for detonation. The warhead may be used in the closed position for single hardened targets such as armored vehicles and in the open position for area targets such as lighter vehicles and personnel. Opening of the warhead may be enabled at a time of launch of the warhead, or at a time of target acquisition after launch.