Helsing's HX-2 loitering munition is now hitting Russian targets in Ukraine: a 12 kg munition with a 100 km range, GPS-denied navigation, and onboard AI targeting. The Bundestag approved an initial €269 million contract for HX-2 in February 2026, within a framework that could reach €1.46 billion over seven years. That framework sits alongside the €840 million in Bundeswehr awards to Helsing, Stark Defence, and Rheinmetall covered previously.
Helsing's funding round closed at $1.2 billion at an $18 billion valuation. The company has now formed a joint venture with OHB, a German space company, to develop AI-based reconnaissance, surveillance, and targeting systems operating from orbit.
Helsing is now the first European defence-AI company to hold combat-proven status, a multi-billion-euro government framework, and a space-based targeting venture simultaneously. The OHB joint venture mirrors the US Golden Dome architecture built around Anduril and Sandia Labs. HX-2's GPS-denied capability matters on Ukraine's eastern front, where Russian EW systems create continuous denial zones, the same jamming that is diverting Ukrainian drones into NATO territory.
