Given the critical role of the defense industry in recovering from this plummet, it is imperative for defense companies to take measures ensuring smooth functioning of supply chain and that the workforce and operations pick a fast pace in upcoming months. The major impact of COVID-19 was seen in Q2 Fy2020 (April-June) due to strict measures such as travel restrictions, facility closures and social distancing taken by government bodies across the globe to control the impact of pandemic. However, it is expected that the revival of ground defense system market is anticipated from Q3 FY2020 (July-September) due lockdown restriction being lifted, and credit support given by military agencies to defense companies in future.
Given the critical role of the defense industry in recovering from this plummet, it is imperative for defense companies to take measures ensuring smooth functioning of supply chain and that the workforce and operations pick a fast pace in upcoming months. The major impact of COVID-19 was seen in Q2 Fy2020 (April-June) due to strict measures such as travel restrictions, facility closures and social distancing taken by government bodies across the globe to control the impact of pandemic. However, it is expected that the revival of ground defense system market is anticipated from Q3 FY2020 (July-September) due lockdown restriction being lifted, and credit support given by military agencies to defense companies in future.