Yes, but it is not how it is used in Ukraine. Quote: "Against tanks and other armoured vehicles, the overfly top attack (OTA) mode is used; the missile flies about one metre above the line of sight, detonating the warhead above the target's weaker top armour".
It has dual-mode: direct attack and OTA. The many tanks in Ukraine are killed in OTA, that does not use the shaped charge effect.
The overflight mode still uses a shaped charge. Even the top armour of a tank is significantly thick enough that a a non-directed explosion from a hand-held weapon probably won't penetrate.
"In conventional overflight missiles a keyhole effect resulting in reduced penetration into the target is caused by a shaped charge jet which develops during the missile flight. The MBT LAW warhead, similar to the BILL 2 missile warhead, incorporates a dynamically compensated shaped and copper lined charge to retain the penetration characteristics."
Yes it does. There're various decent explanations and videos of how both modes work.
To quote from SAAB's own website: "Our NLAW system is a easy system to use. Watch this video to see how it uses PLOS (predicted line of sight) and OTA (Overfly-top-attack) to enable its powerful shape charge warhead hit the tank at it´s weakest point - the turent. Maximising the potential damage to the tank."
