Yesterday, Australian Defence Contractor NIOA fully acquired Barrett Firearms. Barrett was founded back in 1982 by Ronnie Barrett, inventor of the Barrett .50 Cal anti-material rifle. Over the proceeding decades, the Barrett anti-material rifle and .50 BMG have become synonymous in the firearms industry. Barrett also created the highly adaptable and modular MRAD rifle. Barrett has continued to innovate and be a leader in the precision rifle market. Barrett rifles are trusted and used by militaries, law enforcement, and civilians around the globe.