A neural network-based PSRI(position, scale, and rotation invariant) feature extraction and ATR (automatic target recognition) system are proposed and an efficient parallel implementatio of the proposed system using multicomputer is also presented. In the proposed system, the scale and rotationinvariant features are extracted from the contour projection of the number of edge pixels on each of the concentric circles, which is input t the cooperative network. We proposed how to decide the optimum depth and the width of the parallel pipeline system for real time applications by modeling the proposed system into a parallel pipeline implementation method using transputers is also proposed. The implementation results show that we can extract PSRI features less sensitive to input variations, and the speedup of the proposed ATR system is about 7.55 for the various rotated and scaled targets using 8-node transputer system.