I don't think so for several reasons.
-The centripetal force on the fragments, wires and center hub will be huge. Getting the system to not fly apart is a major challenge.
-Once those three fragments deploy they are horribly non-aerodynamic, it looks to me like aero forces will send them in completely random directions.
-If the thing stays together, the random aerodynamics will have it spinning like a bolo. It seems likely that the axis of spin will shift and which way it shifts is probably not predictable.
-Aerodynamic drag will also slow these things down considerably. An airplane propellor running slow acts like a brake, this will too.
-It will make a whizzing noise like a ricochet.