FG Nexus completes sale of reinsurance division with $1 million payment from Devondale

FG Nexus (Nasdaq-listed) said in an Aug. 12 filing that it exited its Ethereum treasury strategy, ending with zero crypto on its balance sheet as of June 30, 2026. It recorded a $45.207 million first-half loss from discontinued digital asset operations, including $41.167 million tied to Ethereum. Cash from ETH sales totaled about $60.956 million, lifting cash to about $51.4 million by July 31.

FG Nexus (Nasdaq: FGNX, FGNXP) said its board authorized creation of a new real estate operating subsidiary to acquire land-lease manufactured housing properties. The company also approved steps to reduce digital-asset exposure, reallocate capital to real estate, and exit its digital asset business. Digital Assets CEO Maja Vujinovic will step down from her roles.

MBDA and BAE Systems said the UK and Italy provided additional funding to finish integrating Meteor air-to-air and MBDA SPEAR precision surface-attack missiles on the F-35. The RAF plans to fit both; Italy’s role is for Meteor, with possible interest in Spear. The investment amount is not disclosed, but is estimated around $400 million, with Lockheed Martin subcontracting integration work.

The Pentagon, via Deputy Defense Secretary Steve Feinberg’s Aug. 5 memo, asked major defense contractors to submit within 21 days plans to accelerate production and delivery of critical weapons systems. The memo targets firms including Boeing and Lockheed Martin and seeks capital and facility expansion proposals. It also cites RTX’s $442 million Patriot interceptor contract and a seven-year propulsion framework for PAC-3 MSE and THAAD.

CACI International reported Q4 and FY26 results, with quarterly sales of $2,709.06 million and full-year sales of $9,567.78 million. It issued FY27 guidance for revenue of $10.65–$10.85 billion and net income of $574–$594 million. Separately, OPM selected a team including CACI for a nearly $400 million, 10-year HR IT modernization contract.

Firefly Aerospace (NASDAQ:FLY) said it signed a first-phase U.S. Department of Defense contract for a preliminary design review of a deorbit mission, issued by the Defense Innovation Unit and Space Development Agency. The contract does not disclose value. If the PDR succeeds, Firefly can compete for later phases using its Elytra spacecraft, according to the company.