8.1 ARMSCOR (Armament Corporation of South Africa) 8.1.1 Armscor receives an annual transfer payment from the Department of Defence. For the 2013/14 financial year, Armscor will receive R1.98 billion and this will grow to R2.18 billion in the 2015/16 financial year. This transfer together with revenue from the sale of goods, services and redundant equipment fund operational expenses.