COVID-19 crisis reduced Arquus' exports by 50% in 2020
Although the COVID-19 crisis reduced Arquus’ exports by 50% in 2020, the company managed to balance the books by increasing its services by 40%. Additionally, the French manufacturer plans to deliver around 150 Griffons and Jaguars to the French Army in 2021.
The COVID-19 crisis hit exports from Arquus in 2020 as overseas sales fell by 50% compared with 2019. Even so, the French company managed to balance the books with a 40% increase in services revenues and 23% growth in domestic sales.
During a press conference on 10 March to announce the 2020 results, Emmanuel Levacher, president and CEO of Arquus, explained that total sales decreased by 10% in the last year. However, he insisted that this ‘is actually proof of our very good resistance [to the economic effects of COVID-19]. In fact, we are rather satisfied to have limited the damage to this
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![CTAI’s 40mm cannon gains new A3B airburst round for UAV defence]()
CTAI’s 40mm cannon gains new A3B airburst round for UAV defence
CTA International (CTAI), a joint venture between KNDS France and BAE Systems, developed the 40mm Cased Telescoped Armament System (40 CTAS) for integration onto armoured vehicles. It has been further developed for ships and ground-based systems.
-
![What weapons have Israel and Iran been using against each other?]()
What weapons have Israel and Iran been using against each other?
Tehran has been relying on UAVs and ballistic missiles while Jerusalem uses jets, deep fires and precision-guided munitions.
-
![Paris Air Show 2025: Fulgur air defence missile revealed in anticipation of potential market]()
Paris Air Show 2025: Fulgur air defence missile revealed in anticipation of potential market
The missile was first unveiled at SeaFuture 2023 and later at the Farnborough International Airshow in July 2024. Operational delivery is expected in 2028.
-
![Paris Air Show 2025: MBDA bets on carmaker to help make new one-way effector]()
Paris Air Show 2025: MBDA bets on carmaker to help make new one-way effector
The One-Way Effector (OWE) is a ground-launched missile or drome designed to act as a swarm to overwhelm air defence systems. It was displayed for the first time in Paris this week.
-
![UK artillery factory opens as defence review inches forward]()
UK artillery factory opens as defence review inches forward
The new artillery and howitzer factory pre-dates the emphasis on this capability from this month’s Strategic Defence Review (SDR). The first joint industry-government meeting outlined in the review took place this week.
