A coaxial transducer that uses lead zirconate titanate ceramic or other suitable material as an isolator between the conductors in a coaxial cable to transmit acoustic power at useful levels. The lead zirconate titanate ceramic is diced into thin disks and placed in between spacers made of much stronger insulating material. The coaxial cable is then integrated into a conventional double-armored steel tow cable with a typical diameter of 1″. This provides substantial longitudinal strength and provides crushing resistance to the lead zirconate titanate ceramic when the cable is being deployed or retrieved over a sheave under tension.