A squib-actuated disconnect is characterized by an expandable collet axially extended from a first tension member for receiving in locking engagement a protuberance axially extended from a second tension member. A gas-driven retainer of an annular configuration is also locked in for supporting the collet in locking engagement with the protuberance. The protuberance is axially displaced in response to a firing of an associated squib for thus accommodating a disengagement of the protuberance and the collet
