FMS

“A record-high 54% of FMS investors in October said that they think AI stocks are in a bubble,” the strategists added.

This item has been updated to correct in the headline that it was the FMs that made these remarks, not the PMs.

The department has launched an initiative called FMS 2023 that is seeking to speed up the arms sales process, she said.

The Pentagon conducted a parallel review of its own FMS implementation mechanisms, the State Department said.

The U.S. government acts as an intermediary for FMS acquisitions: It buys the materiel from a company first and then delivers the goods to the foreign recipient.