Robbins Geller Rudman & Dowd LLP announced that purchasers of AeroVironment securities between June 25, 2025 and March 10, 2026 have until Monday, July 27, 2026 to seek appointment as lead plaintiff in a class action lawsuit. The lawsuit alleges that AeroVironment and certain executives made false or misleading statements about competition for the SCAR program and the company's financial prospects. The complaint points to a January 20, 2026 stop work order on BADGER systems, a March 2, 2026 report that the U.S. Space Force was reopening the SCAR program, and a March 10, 2026 announcement of a $179 million quarterly operating loss including a $151.3 million goodwill impairment after the SCAR contract termination. The lead plaintiff process allows any affected investor to seek appointment and select counsel, though participation in any recovery does not require serving as lead plaintiff.
AeroVironment IncClass action lawsuit alleges false statements about SCAR program competition and financial prospects, with stop work order and contract termination.