Australian protection contractor and munitions firm NIOA has expanded its world attain with the 100 per cent acquisition of the industry-leading rifle design and manufacturing firm, Barrett Firearms. The 2 family-owned corporations got here collectively out of a shared dedication to high quality, innovation, loyalty, and mission. the corporate would proceed to function beneath the Barrett model as a separate division throughout the NIOA Group alongside NIOA Australia, NIOA New Zealand, the Australian Missile Company and the group’s funding in three way partnership firm Rheinmetall NIOA Munitions. All administration and workers on the Murfreesboro manufacturing facility in Tennessee have been retained and manufacturing will proceed as regular. Over time it’s anticipated that manufacturing actions in Murfreesboro will likely be additional expanded.
Barrett founder Ronnie Barrett mentioned: “Right now marks the start of a brand new chapter within the Barrett story. Rob and the NIOA group have nice respect for the legacy Barrett has created because the chief in lengthy vary precision rifles. It’s reassuring to know Barrett will likely be in good fingers with a family-owned firm that’s focussed on manufacturing and delivering world-class firearms and munitions to a world community.”
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“NIOA’s affiliation with Barrett dates again to 2008. We have now been impressed by the story of Barrett and admire what Ronnie, Chris and the household have constructed over greater than 4 a long time. It’s been a narrative of onerous work, perseverance, and objective culminating within the supply of important functionality for the women and men of the US navy and its allies all over the world in addition to distinctive merchandise to legislation enforcement businesses and civilian markets,” Mr Nioa mentioned.
Barrett Firearms Manufacturing is an American producer of firearms and ammunition positioned in Christiana, Tennessee. It was based in 1982 by Ronnie G. Barrett for the aim of constructing semi-automatic rifles chambered for the .50 BMG (12.7×99mm NATO) ammunition, initially developed for and utilized in M2 Browning machine weapons. Barrett started this work within the early Nineteen Eighties, and the primary working rifles have been out there in 1982, therefore the designation M82. Barrett personally designed each a part of the weapon. He marketed the weapon and mass-produced it using private funds. He continued to develop the rifle via the Nineteen Eighties, and developed the improved M82A1 rifle by 1986.
The corporate additionally introduced two key management appointments – present Barrett President Sam Shallenberger has been promoted to the function of Chief Government Officer whereas long-serving Barrett Chief Working Officer Bryan James turns into President. Ronnie and Chris Barrett will present ongoing help as govt advisers to Barrett and the NIOA Group. Monetary phrases of the transaction weren’t disclosed. The Barrett acquisition marks an thrilling subsequent chapter for NIOA as the corporate’s entry to the US market the place it has long-standing trusted relationships with American corporations resembling Vista Outdoor, Leupold, Common Dynamics, Northrup Grumman, and the Winchester-operated Lake Metropolis ammunition plant.
