Nioa seizes the initiative with Barrett buyout
Australian Army snipers will soon be equipped with M107A1 long-range rifles from Barrett. (Photo: Barrett Firearms)
Nioa establishes itself as a firearms manufacturer in the US with a takeover of Barrett.
Australian privately owned defence firm Nioa announced on 17 January that it had acquired the American specialist company Barrett Firearms.
This takeover gives Nioa a 100% stake in Barrett, a company renowned for its long-range, large-calibre rifles used by more than 75 nations worldwide.
No financial details relating to the deal have been released.
Barrett Firearms will continue to operate under its own name, and Nioa declared, ‘All management and staff at the Murfreesboro manufacturing facility in Tennessee have been retained and production will continue as normal.’
It also expressed an expectation that manufacturing in Murfreesboro will further expand.
Barrett
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
- 2 free stories per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
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
More from Land Warfare
-
![Australian Army experiments with UGVs, but seeks understanding before proliferation]()
Australian Army experiments with UGVs, but seeks understanding before proliferation
The Australian Army is exploring the options and benefits of a wide range of UGVs.
-
![British Army’s Archer hits bullseye for capability and procurement]()
British Army’s Archer hits bullseye for capability and procurement
The Archer artillery system was rushed into service and training of British Army trainers began in October 2023 before live fire trials just over a year later.
-
![NZ begins modernisation of its tactical vehicle fleet]()
NZ begins modernisation of its tactical vehicle fleet
VAMTAC vehicles are expected to replace one-quarter of New Zealand’s Pinzgauers and Unimogs.
-
![Israel’s Elbit Systems riding high and reports almost a billion dollars in orders to close 2024]()
Israel’s Elbit Systems riding high and reports almost a billion dollars in orders to close 2024
Elbit Systems has signed another US$967 million in orders in the past three months after reporting its land revenues increased by 24% for 3Q2024 compared to 3Q 2023 thanks to increasing ammunition and munition sales in Israel.
