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?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 1 free story per week
- Personalised news alerts
- Daily and weekly newsletters
- Free magazine subscription to all our titles
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
- 10-year news archive access
- Downloadable equipment data handbooks
- Distribution rights (Corporate only)
More from Land Warfare
-
![Can the US meet the international demand for HIMARS?]()
Can the US meet the international demand for HIMARS?
The performance of the M142 HIMARS in Ukraine has led to increased interest in this platform, but it has also raised questions about the capacity of the US to satisfy international demand in the short term.
-
![USSOCOM acquires Augmented Reality Tactical Assault Kit]()
USSOCOM acquires Augmented Reality Tactical Assault Kit
Eolian Augmented Reality Tactical Assault Kits (ARTAK) are intended to significantly reduce risk to soldiers during mission execution. They will provide US Special Operations Command operators with the ability to connect to remote sites and personnel for face-to-face collaboration.
-
![Clavister awarded European Defence Fund research project for UGV technologies]()
Clavister awarded European Defence Fund research project for UGV technologies
Under the Convoy Operations with Manned-unManneD Systems (COMMANDS) project, Clavister will receive around €530,000 of EDF funding.
