BERLIN, July 9 (Reuters) - Rheinmetall and partner MBDA have signed a contract worth a mid three-digit million-euro amount with Germany's military equipment agency to develop a laser weapon system for the navy, the German defence company said in a statement on Thursday.

The system, whose series production will largely take place in Germany, is expected to be operational by 2029, said Rheinmetall.

(Writing by Miranda Murray, editing by Kirsti Knolle)

Find it fast

Looking for more insights? Explore our other news sections for updates on sustainable finance, companies and financial education