First Czech CV90 MkIV rolled out as part of multi-billion-dollar programme
The Czech Republic CV9030 MkIV has a more powerful 1,000HP engine than the previous variant and an upgraded X300 heavy-duty transmission.
Australian Army snipers will soon be equipped with M107A1 long-range rifles from Barrett. (Photo: Barrett Firearms)
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.
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The Czech Republic CV9030 MkIV has a more powerful 1,000HP engine than the previous variant and an upgraded X300 heavy-duty transmission.
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