Great example of a new old stock classic from 1959 by Ideal Toy company.
The Fighter Jet projects enemy aircraft on the wall for you to shoot, fly the jet and stay on course.
I never knew about this toy until I was watching the 1963 movie "The Courtship of Eddie's Father" staring Glen Ford and Ron Howard (as eddie) and this toy was shown in his room.
So I had to have it. It looks to be NOS.