The Department of National Defense (DND) has signed a PHP1 billion 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 (AFP).
“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,” the DND said.
The DND’s program has a theme “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,” DND said.
Secretary Lorenzana said “it signifies a trust in our own country’s craftsmanship and expertise.”