Helsing and Stark Compete for €300 Million German Defense Contracts
German startups Helsing and Stark are competing for €300 million in contracts from the Federal Ministry of Defense for kamikaze drones, with decisions expected by February 2024. Helsing has secured notable backing from investors like Daniel Ek, while Stark has formed a consortium linked to US investors. Both companies aim to enhance the Bundeswehr's drone capabilities, potentially influencing Germany's defense procurement strategy.
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German startups Helsing and Stark are vying for €300 million in contracts from the Federal Ministry of Defense (BMVg) for kamikaze drones, with test contracts expected by Spring 2025. Helsing has gained significant backing, including from investors like Daniel Ek and Tom Enders, while Stark has attracted a consortium with ties to US investors.
Both companies' technologies aim to modernize the Bundeswehr's capabilities, particularly with drone technology. A decision from the BMVg is anticipated in February 2024, potentially marking a shift in Germany's defense procurement strategy towards either European or transatlantic partnerships.
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