Oki, spolier tagged.
Done right you can loot it over and over again without any time limit. You basically fall through the floor and hence never start the clock. Loot all you want, just stay out the room with the red lights (where you normally come down on the elevator), you can raid all crates anyway, and when done just quit the game. Restart at the junction, fight your way to the armoury and repeat. If you've already completed all armoury missions you'll need to join an online game which hasn't. Or edit your save file and uncheck the last armoury mission (works on all platforms).
This crappy video shows how it's done: http://www.youtube.com/watch?v=Xu4hIGb2XC0
#6131723, By reflux Official Borderlands Thread
reflux 1,804 posts
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Registered 15 years ago