Defense supplier Hensoldt has landed a major contract worth nearly one billion euros.

Hensoldt will equip the Bundeswehr's new reconnaissance vehicle, the "Luchs 2," with advanced sensor technology and the new "Ceretron" mission system, which analyzes sensor data and generates a tactical situation overview. The contract was awarded by U.S. defense giant General Dynamics, whose European subsidiary is set to manufacture the "Luchs 2," Hensoldt announced Wednesday in Taufkirchen, near Munich. The agreement covers development and pre-production vehicles, as well as production equipment for an initial 274 reconnaissance vehicles. Additional options for further systems are also included.

(Reporting by Alexander Hübner, edited by Philipp Krach. For inquiries, please contact our newsroom at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)