Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Qld munitions business purchases industrial land at Benalla

nioa pyne
Minister for Defence Christopher Pyne with NIOA managing director Robert Nioa in December 2017

Brisbane-based defence company NIOA has acquired 300 acres of industrial land adjacent to the government-owned munitions manufacturing plant at Benalla, Victoria.

The company said that acquisition demonstrated their commitment to regional domestic manufacturing and private investment.

Advertisement
Advertisement

This land will provide growth options for NIOA and the Department of Defence in support of NIOA’s tenancy arrangements within the Benalla munitions facility.

 “Investment in new sovereign manufacturing capability and full utilisation of the government’s existing investment in government-owned facilities is central to our current business strategy in the munitions manufacturing segment,” said NIOA managing director Robert Nioa.

“The Benalla land acquisition will provide significant flexibility as to how we achieve those objectives.”

From modest beginnings in 1973 importing and distributing to the domestic shooting market, NIOA has emerged as a significant player in Australian defence industry

SPONSORED CONTENT

 

It has now grown to become Australia’s largest privately-owned supplier of arms and ammunition to the sporting, law enforcement and military markets, and represents more than 50 international companies.

The company says it is focused on doing everything it can to respond to recent Department of Defence policy announcements, which see industry as a fundamental input to defence capability.

That includes providing value for money outcomes of the First Principles Review, developing munitions manufacturing as a sovereign industrial priority and participating in the defence export strategy, which aims to see Australia as one of the world's top 10 defence exporting nations within the next 10 years.

Earlier this month, Defence Minister Christopher Pyne announced that NIOA had been selected to take up a tenancy at Benalla.

That starts with working in partnership with Saab Australia to upgrade Defence’s existing 84mm Carl Gustaf inventory to meet current specifications. This work will start within 12 weeks, creating jobs, producing vital capability for the Australian Defence Force, and diversifying sources of ammunition supply.

"NIOA’s work in Benalla will build further on their work supplying ammunition to Defence and leverage their partnerships with some of the world’s leading munitions companies," Minister Pyne said.

A series of additional business cases are currently under active review by Defence for follow on work.

That’s in relation to recent NIOA contracts for 120mm tank ammunition, the Army’s future 155mm artillery ammunition and 30mm ammunition for the Boxer vehicle.

Qld munitions business purchases industrial land at Benalla
NIOA-Pyne.jpg
lawyersweekly logo

more from defence connect

Dec 14 2019
Extension awarded for Chinook support contract
Boeing Defence Australia has been awarded a 12-month extension, as well as increased government inve...
Dec 14 2019
RAAF welcomes new P-8A Poseidon to fleet
Defence Minister Linda Reynolds and Defence Industry Minister Melissa Price have officially welcomed...
Dec 13 2019
Photo Essay: 2OCU says farewell to the Classic Hornet
This week, the Royal Australian Air Force’s Number 2 Operational Conversion Unit conducted its fi...
FROM THE WEB
Recommended by Spike Native Network