President Rodrigo Duterte visited the facilities of the Arms Corporation of the Philippines (ARMSCOR) Global Defense, Inc. in Barangay Fortune, Marikina City on December 10.
ARMSCOR Global Defense, Inc. is one of the largest firearms and ammunition manufacturer in the world. It employs around 1,700 workers that produce industry-leading weapon solutions for law enforcement agencies and responsible gun enthusiasts.
On November 19, the Department of National Defense (DND) has signed a PHP1 billion contract with ARMSCOR for the manufacture of 50,000 caliber 45 high capacity pistols for the use of the Armed Forces of the Philippines (AFP).
“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,” DND said.