Rheinmetall, MBDA Get Laser-Weapon Contract Worth Hundreds of Millions of Dollars
By Joshua Kirby
Rheinmetall said it jointly won a laser-weapon contract from the German military with a value in the hundreds of millions of euros.
The German arms maker said Thursday that the High-Energy Laser Naval Demonstrator Working Group, the joint venture it is forming with missile-systems manufacturer MBDA Deutschland, was awarded the contract to develop a laser-weapon system for the German navy. The system is designed to be operational by 2029, Rheinmetall said.
Development will "cover the entire operational chain from reconnaissance and target tracking to engagement," the company said.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
July 09, 2026 09:13 ET (13:13 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
The 10 Best Companies to Invest in Now
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
The Top Funds for a Simpler Retirement Portfolio
3 Stocks to Sell and 3 Stocks to Buy for October
