Due to the short duration and high amplitude characteristics of impulsive noise, these parameter estimation methods based on Gaussian assumptions are ineffective in the presence of impulsive noise. To address this issue, a LFM signal parameter estimation method is proposed based on FOTD and CFRFT. Firstly, the mathematical expression of FOTD is presented and its tracking performance is verified. Secondly, the tracked signal is subjected to discrete time CFRFT, and a mathematical optimization model for LFM signal parameter estimation is established on the fractional spectrum characteristic. Finally, a correction method for non-standard SαS distributed noise is proposed, and the performance of parameter estimation under both standard and non-standard SαS distributions are analyzed. The simulation results show that this method not only effectively suppresses the impact of impulsive noise on the fractional spectrum of LFM signal, but also has better parameter estimation accuracy and stability in the low GSNR. The proposed method is particularly effective under the measured noise environment, as it successfully suppresses the impact of impulsive noise and achieves high-precision parameter estimation.