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Helsing is reportedly in advanced talks to acquire a minority stake in drone manufacturer Destinus at a valuation of about $6.7 billion.
Helsing is in advanced talks to acquire a minority stake in Dutch drone manufacturer Destinus at a valuation of about €6 billion ($6.7 billion), according to Seeking Alpha, citing Bloomberg. The German defense technology company is expected to join other investors in an ongoing Destinus funding round.
The companies are also discussing a commercial partnership that would combine their military technologies. The negotiations are not final and may not result in an agreement.
Helsing develops attack drones, autonomous aircraft and AI software for military use. The company reached an $18 billion valuation in July. Destinus makes long range attack drones, loitering munitions and defensive interceptors, and has supplied weapons to Ukraine.
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