The utilisation of continuous random waveforms for radar, that is, noise radar, has been extensively studied as a candidate for low probability of intercept operation. However, compared with the more traditional pulse‐Doppler radar, noise radar systems are significantly more complicated to implement, which is likely why few systems exist. If noise radar systems are to see the light of day, system design, implementation, limitations etc., must be investigated. Therefore, the authors examine and detail the implementation of a real‐time noise radar system on a field programmable gate array. The system is capable of operating with 100% duty cycle, 200 MHz bandwidth, and 268 ms integration time while processing a range of about 8.5 km. Additionally, the system can perform real‐time moving target compensation to reduce cell migration. System performance is primarily limited by the memory bandwidth of the off‐chip dynamic random access memory.