The NIOA Group has announced plans for a new state-of-the-art facility for their subsidiary comapny Barrett Firearms Manufacturing Inc. which they say “is set to redefine excellence in weapon systems manufacturing” and deliver economic growth to Tennessee. The new $76.4 million dollar manufacturing facility is set to open in early 2027. The news of NIOA Groups investment into Barrett in Tennessee was announced formally by the Department of Tennessee Economic and Community Development on 21 March.