Real-time imaging processor can provide Synthetic Aperture Radar (SAR) image in real-time mode, which is necessary for airborne SAR applications such as real-time monitoring and battle reconnaissance. This paper describes the development of high-resolution real-time imaging processor in Institute of Electronic, Chinese Academy of Sciences (IECAS). The processor uses parallel multiple channels to implement large-volume calculation needed for SAR real-time imaging. A sub-aperture method is utilized to divide azimuth Doppler spectrum into two parts, which correspond two looks. With sub-aperture method, high processing efficiency, less range migration effect and reduced memory volume can be achieved. The imaging swath is also divided into two segments, which are processed in a parallel way. Range-Doppler algorithm, which consists of range migration correction and azimuth compression, is implemented in the processor. Elaborate software programming ensures a high efficient utilization of hardware. Experimental simulation and field flight indicate this system is successful. The principles, architecture, hardware implementation of the processor are presented in this paper in details.