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
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
You may also like
More from Land Warfare
-
![Billion-dollar Belgium deal for NASAMS creates multinational air defence system]()
Billion-dollar Belgium deal for NASAMS creates multinational air defence system
The National Advanced Surface-to-Air Missile System (NASAMS) is in service on five continents with more than 120 platforms delivered. The system will now form part of Belgium’s Blue Dome air defence system alongside new orders for Skyranger air defence and Thales radar systems.
-
![Clearer military requirements could unlock UGV market growth]()
Clearer military requirements could unlock UGV market growth
Western armies continue to test uncrewed ground vehicles, but wider procurement will depend on turning ambitions for autonomy into defined operational roles and funded requirements.
-
![Can NATO’s CUAS marketplace turn urgent demand into deliveries?]()
Can NATO’s CUAS marketplace turn urgent demand into deliveries?
Framework contracts and leasing options aim to shorten acquisition timelines, while manufacturing partnerships could help suppliers scale production to meet allied demand.
-
![A medium UGV market emerges as the US weighs up its options]()
A medium UGV market emerges as the US weighs up its options
The US is pursuing multiple UGV programmes, from commercial robotic platforms to new autonomy technologies. The combination of these efforts could prove key to turning ambition into operational capability.
-
![NATO looks for answers to overcome standards hurdles and improve procurement]()
NATO looks for answers to overcome standards hurdles and improve procurement
NATO is looking to artificial intelligence to provide integration between different C2 systems to create a common operational picture, potentially offering a faster route to interoperability than the slow-moving processes of NATO standards committees.
