It's armour: you get 3 more points than normal, destroyed as normal. Damage reduction is a completely different mechanic and would be called out as such. The "against all attacks" is only referring to which attack angles the extra armour applies to (e.g. you get 3 more points of armour, but it is not applicable against frontal attacks), not a statement that it lasts forever. I'll reword it in the errata.