If you have a red target lock A on ship 1, and decide to aquire a lock on ship 2,when you remove A from ship 1 to place it on ship 2,the target lock isn't destroyed.
100% incorrect. According to the rules reference:
'A target lock consists of a red target lock token and a blue target lock token displaying the same letter.
[...]
A ship can maintain one target lock. If a ship acquires a new target lock, it must remove its old target lock.'
Per the rules when you acquire a target lock on ship B you must discard your target lock on ship A completely (red and blue token). You might be simply moving the red token physically,but rules wise it's a brand new target lock altogether.