What Happened
German Defense Firm Expands To West Virginia With Drone Production
German defense firm Helsing is establishing its first US manufacturing facility in West Virginia, with an initial investment of $50 million. The facility will produce the company’s HX-2 drone, which has been used in combat in Ukraine. Helsing plans to produce up to 2,000 drones a month and aims to have initial operating capability by November. The company also announced a new funding round, raising $1.8 billion and growing its total valuation to $18 billion. This development was first reported by Breaking Defense.