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
-
![World Defense Show 2026: DOK-ING working on MV-8 variants and reveals specs ahead of Eurosatory]()
World Defense Show 2026: DOK-ING working on MV-8 variants and reveals specs ahead of Eurosatory
The Croatian company began the development of the MV-8 modular uncrewed platform in the early 2020s. Specifications for the vehicle were revealed to Shephard at World Defense Show 2026.
-
![World Defense Show 2026: Turkish and European industries will cooperate, says Aselsan boss]()
World Defense Show 2026: Turkish and European industries will cooperate, says Aselsan boss
Aselsan was formed 50 years ago in response to difficulties Turkey was facing in sourcing major systems internationally. While some challenges still remain, company president Ahmet Akyol believes a rapprochement is possible.
-
![World Defense Show 2026: Russia reveals details of new loitering munition]()
World Defense Show 2026: Russia reveals details of new loitering munition
The Kalashnikov RUS-PE cannister-launched man-portable loitering munition was displayed as a model at World Defense Show 2026 with a company official telling Shephard it was “in service and in low-rate initial production”.
