It seems to be a sort of heraldic mixed metaphor dreamed up by some under-employed Imagery Analysts to me, possibly in the Counter-IED role? The eye is the Eye of Horus, ancient Egyptian symbol of protection and the elephant's head features (or used to feature) as the battery badge of 137 (Java) Bty RA. But a snake...? Could the eagle be an interpretation of the 16 Air Asslt Bde bird rather than that of the AAC?
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