A Queensland small arms supplier has expanded its operations and set up a new office in the ACT.
Brisbane-based NIOA has celebrated the opening of its new office in Brindabella Park, Canberra with Minister for Defence Industry Christopher Pyne.
Minister Pyne congratulated NIOA for its expansion.
"The growing success of this Australian business, and the opening of their Canberra office, represents a new chapter in NIOA’s development," Minister Pyne said.
“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.
“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.”
Minister Pyne 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," Minister Pyne said.
NIOA also recently inked a lucrative deal to supply the New Zealand Defence Force with recoil operated semi-automatic Barrett M107A1's and MRAD weapon systems.