The purpose of this scientific work is to elucidate how the use of precision guided munitions has influenced the use of strategic bombing in the context of air power strategy. This is going to be studied since scientists and air power strategists believe that precision guided munitions are a revolutionary shift in the way war is fought from the air. The purpose will be studied by answering the question: How has precision guided munitions used by NATO’s air power influenced the use of strategic bombing over time? This is a qualitative study employing a comparative most-similar design, and the analysis is done by converting the five rings in Warden’s five ring theory to questions to be answered by the study’s material. The result show that NATO, during the earlier operation Allied Force, only used approximately 29%-35% precision guided munitions and that there were not as many attacks on targets within the inner rings of Wardens theory as during Operation Unified Protector. During Operation Unified Protector 100% of the bombs used by NATO where precision guided munitions and considerably more targets within the inner rings was attacked, but there was a lesser amount of target types attacked. The findings indicate that there is a correlation between the use of a greater proportion of precision guided munitions and more effective strategic bombing based on Warden’s five ring model.