The ship editor in action:

This video demonstrates the initial drag/drop ship editor interface in action. It shows that each ship component has a number of slots that can be used to attach either other structural components or weapons.

This video starts after the two wing elements and one of the engines have already been added (due to FRAPS time restrictions) - you then see the addition of a couple of power generators, which provide increased power recharge rate and power maximum (which is consumed by firing weapons), a missile launcher and a couple of standard energy cannons.

The angle of any of these components may be changed by dragging with the right mouse button, so you can create rear-facing/side facing weaponry as desired. As development progresses, there will also be computer-controlled turrets that will auto-target enemies.

Juggernaut Ship Editor Demo Video from Darren Myatt on Vimeo.