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This tutorial covers basics the modding of Tow Missiles.
By Rampage-WYD-

Before you begin, please refer to Tutorial - Making the .tweak File Modifiable, which teaches you how to make a .tweak file modifiable. You must be able to do this for all of my tutorials.

Tow Missile Folder Location
First, we must know the location of the Tow Missile.
1. Navigate to C:/BF2_Directory/mods/bf2/
2. Open Objects_Server.zip.
3. Open Weapons/Armament/missiles/tow_missile_stationary/.

Damage
We will skip the Explosion Damage, Explosion Radius, and Explosion Force in this tutorial. If you would like to, you may modify them, but we are not going to in this tutorial.
We will modify the Damage, as this is what is the 'official' damage.

1. Open tow_missile_stationary.tweak with Notepad.
2. CTRL + F and type "ObjectTemplate.damage 1030".
3. Change the number (1030) after damage to a number of your choice (do NOT exceed 3000).
4. CTRL + S or File>Save.
5. Close tow_missile_stationary.tweak.