NIOA, Australia’s largest firearms and ammunition supplier, has opened a new office in Brindabella Park, Canberra.
Defence Industry Minister Christopher Pyne congratulated NIOA on the move, saying the new office would help the Brisbane-based company realise its growth potential.
“The growing success of this Australian business and the opening of their Canberra office, represents a new chapter in NIOA’s development,” Minister Pyne added.
The company, which was founded in 1973, recently secured a major defence contract from the Australian military.
This five-year, $95 million contract will see the privately-owned business supply more than 30 different munitions to the ADF.
“As I recently announced, NIOA has been awarded a major contract to supply more than 30 different munitions, ranging from small arms to 120mm M1A1 Abrams tank ammunition, to the Australian Defence Force over the next five years,” the Minister continued.
“NIOA has been a supplier of munitions for many years and this latest contract is initially valued at $95 million with a potential 15 year extension.”
“NIOA’s global supply arrangement means our military will use the latest technology, while creating Australian jobs.”
He said NIOA’s recent success also extended to other areas of Australia.
“The company has also developed a purpose-built facility adjacent to Brisbane Airport which includes a state-of-the-art indoor firing range,” Mr Pyne concluded.