Author Topic: DND-ARMSCOR Global Defense Partnership Sealed  (Read 2228 times)

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DND-ARMSCOR Global Defense Partnership Sealed
« on: February 25, 2019, 12:42:57 AM »
DND-ARMSCOR Global Defense Partnership Sealed
November 21, 2018

http://www.dnd.gov.ph/PDF2018/DNDPressReleaseNov212018ARMSCORpartnership.pdf

The Department of National Defense signed a PhP1Billion contract with ARMSCOR Global Defense Incorporated for the manufacture of 50,000 caliber 45 high capacity pistols for the use of the Armed Forces of the Philippines.

Secretary of National Defense Delfin Lorenzana and ARMSCOR President and CEO Martin Tuason formally signed the contract, which was procured through public bidding, to proceed with the production of the pistols on November 19, 2018 at the DND Social Hall.

This collaboration between the DND and ARMSCOR is in line with the Department’s efforts towards “witnessing a Rebirth of Defense Self-Reliance.” This initiative of optimizing our local resources contributes to the development of our economic and labor industries by providing jobs for Filipinos and contributing to economic growth - positive effects that far outweigh DND’s spending in importation. The SND also stated that “it signifies a trust in our own country’s craftsmanship and expertise.”

Mr. Tuason emphasized his support for the Defense sector in his speech: “I look forward to making more guns, more ammunition and more products that we can do here in the Philippines as we progress. ARMSCOR backs the Filipino people and we support the Armed Forces of the Philippines.”