This paper describes the application of the maximum likelihood method to estimate the aerodynamic derivatives of (i) the AGARD standard ballistic model HB-2 from supersonic free13; flight data available in literature, and (ii) ballistic mode simulated data of a surface-to-air missile.13; For the AGARD dam, two types of dynamic models have been used: (i) body axis coordinate13; system model, and (ii) hybrid type of formulation. wherein the aerodynamic forces are in wind axis13; arid the aerodynamic moments are represented in body axis coordinate system. For surface-to-air13; missile data the equations of motion are solved in fin-body axis system. The results of this analysis13; denonstrate the suitability and function adequacy of the mathematical models used, the13; consistency of data arid power of the parameter estimation methodology in generating13; aerodynamic derivatives from realistic free flight trajectories