AVAV

AVAV SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of AeroVironment, Inc. Investors - Contact Kirby McInerney LLP by July 27, 2026

AeroVironment Faces Securities Class Action Over SCAR Program Prospects

NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased Aero...

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    <h3>Information</h3>
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    <h3>AI Summary</h3>
    <p>AVAV faces a securities class action alleging misstatements about the SCAR program and SCN competition risk. Key catalysts include a January 20 stop-work order on BADGER, Space Force&#039;s March 31 diversification of suppliers, and a March 2026 quarterly loss with a $151.3 million impairment. Outcome could add near-term volatility but only affect fundamentals if settlement or SCAR changes drive profits.</p>
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    <h3>Key Points</h3>
    <ul><li>AeroVironment AVAV named in securities suit. Kirby McInerney leads.</li><li>Class Period: June 25, 2025–March 10, 2026, alleging SCAR/SCN misstatements.</li><li>Jan 20 stop-work order on BADGER; Space Force reframes SCAR.</li><li>Mar 10 2026: Q3 loss $179m; goodwill impairment $151.3m.</li><li>Mar 31 Space Force diversifies suppliers for SCN.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>AeroVironment, Inc. (AVAV)</strong>: Primary defendant; litigation could influence SCAR program perception and Space Force contracts.</li><li><strong>Kirby McInerney LLP (KMLLP)</strong>: Class action firm leading investigation; potential to shape litigation narrative.</li><li><strong>U.S. Space Force (N/A)</strong>: Contracting agency; SCAR/SCN changes could impact AVAV&#039;s military exposure.</li></ul>
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    <h3>Legal</h3>
    <p>Category: Legal. The item centers on a securities-class action involving AVAV; fits Legal due to litigation details rather than earnings or M&amp;A.</p>
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    <h3>Market-Moving</h3>
    <ul><li>Lead plaintiff appointment deadline: July 27, 2026 could influence case trajectory.</li><li>SCAR program procurement changes by Space Force could affect AVAV revenue prospects.</li><li>Stop-work order and impairment charges have pressured AVAV sentiment in recent sessions.</li><li>Potential settlement or SCAR recompete outcomes could spark volatility.</li></ul>
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    <h3>Key Facts</h3>
    <ul><li>Class Period: June 25, 2025 through March 10, 2026.</li><li>Jan 20, 2026: stop-work order issued on BADGER for SCAR.</li><li>Mar 2, 2026: Space Force reopens SCAR; reassessing acquisition strategy.</li><li>Mar 10, 2026: AVAV Q3 FY2026 operating loss $179.0m; goodwill impairment $151.3m.</li><li>Mar 31, 2026: Space Force diversifies suppliers for SCN.</li></ul>
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    <h3>Trading Thesis</h3>
    <p>Near-term risk sentiment may weigh on AVAV; monitor SCAR milestones and any settlement developments in 1–3 quarters.</p>
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    <h2>AVAV Investors Hit with Securities Class Action Against AeroVironment, Inc.; Lead Plaintiff Deadline Set for July 27, 2026</h2>
    <p>NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) — <strong>Kirby McInerney LLP</strong> reminds investors who purchased AeroVironment, Inc. (<em>AeroVironment</em> or the <em>Company</em>) (NASDAQ: AVAV) securities to contact <strong>Lauren Molinaro</strong> of Kirby McInerney LLP by email at <a href="mailto:investigations@kmllp.com">investigations@kmllp.com</a>, or fill out the contact form below, to discuss your rights or interests in the securities fraud class action lawsuit at no cost.</p>
    <p>If you suffered a loss on your <strong>AVAV</strong> investments, you have until <strong>July 27, 2026</strong> to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline, and the lead plaintiff oversees the litigation on behalf of the class, potentially influencing strategy and settlements. Courts regularly appoint individual investors as lead plaintiffs, not only institutions.</p>
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    <h3>What Is The Lawsuit About?</h3>
    <p>The lawsuit has been filed on behalf of investors who purchased securities during the period of <strong>June 25, 2025 through March 10, 2026</strong>, inclusive (<em>"the Class Period"</em>). The lawsuit alleges that (i) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the Satellite Communication Augmentation Resource (<em>SCAR</em>) program and the U.S. Space Force's ongoing efforts to modernize the Satellite Control Network (<em>SCN</em>); and (ii) accordingly, Defendants overstated AeroVironment's business and financial prospects.</p>

    <p>On <strong>January 20, 2026</strong>, AeroVironment announced that the U.S. government had issued a stop work order on the Company's agreement to deliver Broad Area Deployable Ground Terminal Enabling Resilient (<em>BADGER</em>) communication systems to the <em>SCAR</em> program. In the same announcement, AeroVironment stated that the stop work order "allows for the parties to negotiate an amended agreement for the future of the SCAR program" and that "[t]he Company expects to continue to deliver capabilities and products for the SCAR program." On this news, the price of AeroVironment shares declined by <strong>$61.97</strong> per share, or approximately <strong>16%</strong>, from <strong>$392.86</strong> per share on <strong>January 16, 2026</strong> to close at <strong>$330.89</strong> on <strong>January 20, 2026</strong>.</p>

    <p>Then, on <strong>March 2, 2026</strong>, Space News reported that the U.S. Space Force was reopening the <em>SCAR</em> program and "reassessing how to move forward." Space News quoted Colonel Owen Stevens, director of contracting at the Space Rapid Capabilities Office, which supervised <em>SCAR</em>, as stating, "We have been in conversations with the [senior acquisition executive] for a little while now, and we are going to move into a new acquisition strategy for <em>SCAR</em>." On this news, the price of AeroVironment shares declined by <strong>$43.93</strong> per share, or approximately <strong>17%</strong>, from <strong>$252.25</strong> per share on <strong>February 27, 2026</strong> to close at <strong>$208.32</strong> on <strong>March 2, 2026</strong>.</p>

    <p>On <strong>March 10, 2026</strong>, AeroVironment announced its financial results for the third quarter of fiscal year 2026. Among other items, AeroVironment reported a third-quarter operating loss of <strong>$179.0 million</strong>, compared to an operating loss of <strong>$3.1 million</strong> for the same period in fiscal year 2025. These results reflected the impact of a <strong>$151.3 million</strong> goodwill impairment in the Company's space division after the stop work order on the Company's BADGER systems built for the <em>SCAR</em> program. AeroVironment also reported that the U.S. Space Force had terminated the Company's contract concerning the <em>SCAR</em> program, and as a result, it would have to "recompete" for the <em>SCAR</em> program. On this news, the price of AeroVironment shares declined by <strong>$13.84</strong> per share, or approximately <strong>6%</strong>, from <strong>$221.57</strong> per share on <strong>March 10, 2026</strong> to close at <strong>$207.73</strong> on <strong>March 11, 2026</strong>.</p>

    <p>On <strong>March 31, 2026</strong>, the U.S. Space Force announced its decision to diversify suppliers and rely on less costly commercial, off-the-shelf solutions in connection with its work to upgrade the <em>SCN</em>, instead of pursuing another single-vendor bespoke solution.</p>

    <p>For additional context, the <em>SCAR</em> program and the Space Force's modernization efforts have been central to AeroVironment's work in space-enabled communications, a focus area for the Company during the Class Period.</p>
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    <h3>What Should I Do?</h3>
    <p>If you purchased or otherwise acquired AeroVironment securities, have information, or would like to learn more about this investigation, please contact <strong>Lauren Molinaro</strong> of <strong>Kirby McInerney LLP</strong> by email at <a href="mailto:investigations@kmllp.com">investigations@kmllp.com</a>, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.</p>

    <p><strong>How to Learn More About the Class Action</strong></p>
    <ul>
      <li>Follow the link below for more information about the lawsuit:</li>
      <li><a href="#">CONTACT THE FIRM IF YOU SUFFERED A LOSS</a></li>
    </ul>
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    <h3>Additional Facts and Contacts</h3>
    <ul>
      <li><strong>Class Period:</strong> June 25, 2025 through March 10, 2026, inclusive</li>
      <li><strong>Key Allegations:</strong> AeroVironment understated the likelihood of imminent competition and overstated business prospects related to the <em>SCAR</em> program and the Space Force's <em>SCN</em> modernization</li>
      <li><strong>Notable Events:</strong> Stop work order (January 20, 2026); SCAR program re-evaluation (March 2, 2026); Q3 2026 results and goodwill impairment ($151.3 million)</li>
      <li><strong>Lead Plaintiff Deadline:</strong> July 27, 2026</li>
    </ul>

    <p><em>Kirby McInerney LLP</em> is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website.</p>

    <p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p>
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    <h3>About The Firm</h3>
    <p>Kirby McInerney LLP is a New York-based plaintiffs' law firm focusing on securities, antitrust, whistleblower, and consumer litigation. The firm's track record includes recoveries totaling billions of dollars for shareholders in securities matters. For more information, visit the firm's website.</p>
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    <h3>Disclaimer and Contact Information</h3>
    <p>Contacts: Kirby McInerney LLP — Lauren Molinaro, Esq. Additional contact details and inquiry options are available through the firm’s office.</p>
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AVAV faces a securities class action alleging misstatements about the SCAR program and SCN competition risk. Key catalysts include a January 20 stop-work order on BADGER, Space Force's March 31 diversification of suppliers, and a March 2026 quarterly loss with a $151.3 million impairment. Outcome could add near-term volatility but only affect fundamentals if settlement or SCAR changes drive profits.

AVAV SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of AeroVironment, Inc. Investors - Contact Kirby McInerney LLP by July 27, 2026

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Legal

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