Few studies have examined the consequences of exposure to ongoing missile attacks in civilian populations. The authors examine the relationships between such exposure, and posttraumatic stress disorder (PTSD), satisfaction with life, and prejudicial attitudes toward the adversary. By using a stratified probability sampling, 160 adults, exposed to repeated missile attacks in southern Israel, were compared to 181 adults from areas outside the range of these attacks. Exposed participants reported more PTSD symptoms and less satisfaction with life, as compared to unexposed participants. The associations between PTSD and satisfaction with life and between PTSD and prejudicial attitudes were significantly stronger among the exposed participants, as compared to those who were not exposed to the attacks. Theoretical and clinical implications of the findings are discussed.