I hope you don't mind me sticking my nose in here. I may be way off base but there was a tip in the Dec. 2002 issue of FSM from H. Scott Edwards on striping bombs for a B-52 he was building.
He used a small DC motor powered by a couple AAs and a piece of wood doweling. Drill a hole in the dowel to fit the shaft on the motor. Cut an X in the other end to fit the fins on the bomb/missile. Put the motor in a vise, stick a bomb/missile in the X and paint the stripe with a fine brush.
You could probably find a way to do the same thing with an electric screwdriver, drill motor, etc.
Of course, if you're talking about painting stripes lenghtwise, that won't work and I now look like a total idiot.