NIOA has recently acquired 300 acres of industrial zoned land adjacent to the government owned munitions manufacturing plant at Benalla Victoria.
In a statement, the company said the land will provide strategic growth options for NIOA and the Department of Defence in support of recently-announced tenancy arrangements within the Benalla munitions facility.
“NIOA is focussed on doing everything we can to respond to recent Department of Defence policy announcements that include value for money outcomes of the First Principles Review, Industry as a Fundamental Input to Capability, Munitions Manufacturing as a Sovereign Industrial priority, and increased focus on Australian industry capability,” the company said.
“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,” Managing Director of NIOA, Robert Nioa, said.
“The Benalla land acquisition will provide significant flexibility as to how we achieve those objectives.”