A Helena firearms manufacturer announced Friday he plans to invest nearly $50 million into his company in the next 10 years and grow his workforce from 12 to nearly 60 employees.
And there are plans for more growth and investment.
Michael Merino, president of Olympus Arms Inc., discussed his companies’ goals and firearms during a ribbon-cutting ceremony at the Cole Avenue business attended by Gov. Greg Gianforte, who earlier in the morning tested Olympus’ Vulcan Recoilless Rifle.
Michael Merino, president of Olympus Arms, demonstrates the Vulcan recoilless rifle for Gov. Greg Gianforte at Range 406 on Jan. 12, 2024.
THOM BRIDGE, Independent Record
There are plans to develop a high-tech industrial park in Helena and a facility where Olympus can manufacture the Vulcan and associated companies will invest nearly $150 million and add nearly 200 employees over the next decade.
The Vulcan is described as a “modular, multi-caliber firearm, using recoil action, that can be configured as either a rifle, carbine or pistol.”
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Michael Merino, co-inventor for Olympus Arms, explains