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The novels are written by Shouji Gatou and illustrated by Retsu Tateo. It has been serialized in Kadokawa Shoten's Monthly Dragon Magazine since 1998.[2] The novel is partially named as a homage to Stanley Kubrick’s Full Metal Jacket and is unrelated to the later anime title Fullmetal Alchemist whose Japanese title differs significantly.

Many of the short stories published in the magazine are comedic in stark contrast to the full novels published by Fujimi Fantasia Bunko. The author's handling and balance between the serious character driven plot of the full plot arcs and its contrast with the caricature portrayal of the same characters in the comedy arcs is one of the most lauded aspects of the series.

The main story develops its characters carefully, and is the shadow or "unusual" events of the protagonist's life. These stories feature the mercenary group Mithril, their mobile base amphibious submarine TDD-1 Tuatha de Danaan, giant humanoid powered suits called Arm Slaves, and the various missions to which Sousuke Sagara is assigned. A highlight of the series is a serious and semi-realistic view of humanoid robotic weapons on the battlefield. The Arm Slave has significant consideration in its portrayal, with explanations given for its power source, operations, maintenance and pilot user interface. The existence of such advanced weaponry and equipment is explained through Black Technology. (additional details in Arm Slave and Black Technology)

The comedic segments are the contrasting "normal life" portrayal of a high school student in Tokyo. These segments are in stark contrast to the more serious main story; explosions are symbolic and humorous, and no death results from these visual gags, while in the main story characters are heavily injured and perish when hit by a bullet.

This has led to two discrete series of books within the narrative: the collected short stories, and the full novels. As of April 2007, there have been nine novels and ten short story collections published. There is also a significant number of short stories that have not yet been published in a collection, making the stories difficult to find outside back issues of the magazine. The main storyline is still continuing, with the latest novel, "Come Make My Day" released on March 2007. Also stated in Shouji Gatou's blog that the next & possibly final novel will begin prepublication in September 2007. The title is currently unnamed.