Complex sentence: In July 1932, the Reichswehr had been pursuing the "Schnellbomber" (fast bomber) concept, to meet the future vision of air warfare for bombers that were faster than fighter aircraft.
Split into simpler sentences: In July 1932, the "Reichswehr" had been pursuing the "Schnellbomber" (fast bomber) concept. The need for modern and fast bombers was to meet the future vision of air warfare for bombers that were faster than fighter aircraft.