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
-
![Lockheed Martin wins deals for missiles and systems worth $5 billion]()
Lockheed Martin wins deals for missiles and systems worth $5 billion
There continues to be an insatiable desire for air-defence and air-launched missiles and systems in the US and worldwide. Lockheed Martin’s latest deals reinforce the demand and highlight the supply chain challenge for manufacturing solid rocket motors.
-
![Bahrain approved for $500 million HIMARS order as production surges]()
Bahrain approved for $500 million HIMARS order as production surges
Lockheed Martin’s M142 High Mobility Artillery Rocket System (HIMARS) is being widely ordered and deployed. The company has been working to ramp up production while continuing work to design and produce more potent missiles.
-
![Kongsberg Defence Australia cashes in with government support for exports]()
Kongsberg Defence Australia cashes in with government support for exports
Kongsberg Defence Australia is building on the supply of Naval Strike Missile (NSM) systems to Australia to win exports with the support of the government through its Guided Weapons and Explosive Ordnance (GWEO) enterprise and Global Supply Chain Program.
-
![Milrem THeMIS robot tests weapon firing to beyond one kilometre]()
Milrem THeMIS robot tests weapon firing to beyond one kilometre
The Milrem Robotics Tracked Hybrid Modular Infantry System (THeMIS) uncrewed ground vehicle (UGV) has seen extensive service in Ukraine with an additional six ordered for Ukraine in May.
