The cable-spring folding wing is a novel type of rigid-flexible coupling structure for missiles, which is composed of several sets of deployable mechanisms, with each composed of a wheel-rope transmission system and a parallel spring driving mechanism. The movement of the cable is initiated by the driving force produced by parallel springs, which directly changes the magnitude and the distribution of the driving force. Therefore, the cable-spring folding wing system has the typical characteristics of strong nonlinearity and motion coupling. In addition, each deployable mechanism shares an identical structure, but the distribution of motion parameters is discrepant due to external loads. Asynchronous movement of the cable-spring folding wing will occur and become a significant issue, which is detrimental to the working performance and could even lead to failure. Focusing on these problems, the multi-body dynamics theoretical model and simulation model of deployable mechanism are established, the kinematic and dynamic characteristics of critical components are studied, and the key factors affecting the deployment performance are investigated. A new reliability method with an angular precision control for deployable mechanism is proposed based on the theoretical model. The effectiveness of the proposed model and method is verified by comparing it with the Monte Carlo method. On this basis, the reliability evaluation for cable-spring folding wing, comprehensively considering deployment performance and synchronization, is carried out.