<p>New York, New York--(Newsfile Corp. - July 24, 2026) - <a href="https://api.newsfilecorp.com/redi...

<p>New York, New York--(Newsfile Corp. - July 24, 2026) - <a href="https://api.newsfilecorp.com/redirect/Gz527SyK27">Kaplan Fox &#38; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against AeroVironment, Inc. ("AeroVironment" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/AVAV">AVAV</a>) on behalf of investors that purchased or otherwise acquired AeroVironment securities between June 25, 2025 and June 18, 2026 (the "Class Period").</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/Q2Rj4T7oWB">CLICK HERE TO JOIN THE CASE</a></p><p><b>If you are an investor in AeroVironment and have suffered losses, you may </b><a href="https://api.newsfilecorp.com/redirect/mjX58U4qr0"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:pmayer@kaplanfox.com"><b>pmayer@kaplanfox.com</b></a><b> or by calling (646) 315-9003.</b></p><p><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <u><b>no later than July 27, 2026</b></u> to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.</p><p>On January 20, 2026, before markets opened, the Company reported in an 8-K filing with the Securities and Exchange Commission that "upon mutual agreement" of AeroVironment and the U.S. Government, "the U.S. Government issued a stop work order on the Company's Other Transaction Agreement for the delivery of BADGER phased array antenna systems to support the Satellite Communication Augmentation Resource ("SCAR") program." According to the filing, "[t]he stop work order allows for the parties to negotiate an amended agreement for the future of the SCAR program under new requirements for the program, which amendment is expected to be a firm-fixed price agreement. The Company expects to continue to deliver capabilities and products for the SCAR program."</p><p>Following this news, the price of AeroVironment stock declined $61.97 per share, or 15.77%, to close at $330.89 per share on January 20, 2026.</p><p>On March 10, 2026, after market, AeroVironment issued a press release, announcing third quarter 2026 financial results. The Company reported "operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025."  According to the complaint, "[t]hese financial results reflected the impact of a $151.3 million goodwill impairment in the Company's space division after the stop work order on the Company's BADGER systems built for the SCAR program."  Additionally, according to the complaint "AeroVironment also reported that the U.S. Space Force had terminated the Company's contract concerning the SCAR program, and as a result, it would have to '<i><b>recompete</b></i>' for the SCAR program."</p><p>Following this news, the price of AeroVironment stock fell $13.84 per share, or 6.24%, to close at $207.73 per share on March 11, 2026. </p><p>The complaint alleges, among other things, that throughout the Class Period, "Defendants made false and/or misleading statements and/or failed to disclose that: (i) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; (ii) accordingly, Defendants overstated AeroVironment's business and financial prospects; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times."</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>&#8212;the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act&#8212;$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.</p><p>If you have any questions about this Notice, your rights, or your interests, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b><br />Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/kXR57IVkoY">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/B5G2qUpeyp">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/5WArBt5mZ3">https://www.kaplanfox.com/case/aerovironment-inc-class-action-alert-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/306452_ec55dfd774bad8da_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/LqwDXiD8PZ">https://www.newsfilecorp.com/release/306452</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/306452/197" alt="" /></p>

AVAV

Kaplan Fox Encourages AeroVironment, Inc. (AVAV) Investors with Losses of More Than $200,000 to Contact the Firm Before July 27, 2026

AeroVironment Faces Class Action Over SCAR Program Setbacks

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>&lt;p&gt;New York, New York--(Newsfile Corp. - July 24, 2026) - &lt;a href=&quot;https://api.newsfilecorp.com/redi...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Investors face a legal and operating setback for AeroVironment tied to the SCAR program. The class action covers June 2025 to June 2026 and follows a stop-work order and a substantial impairment, with Space Force recompete implications. The litigation could pressure AVAV&#039;s valuation and create near-term volatility as facts emerge and potential settlements develop.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Lawsuit filed against AeroVironment over SCAR program issues. Period June 25, 2025–June 18, 2026.</li><li>Jan 20, 2026 stop-work order; AVAV stock dropped ~16% on the news.</li><li>Mar 11, 2026 Q3: operating loss $179M; $151.3M goodwill impairment tied to SCAR.</li><li>Lead-plaintiff deadline: July 27, 2026; potential settlement dynamics ahead.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>AeroVironment, Inc. (AVAV)</strong>: Subject of the class-action; potential impact on valuation and SCAR program prospects.</li><li><strong>Kaplan Fox &amp; Kilsheimer LLP</strong>: Plaintiff law firm behind the suit; no direct equity impact but drives publicity.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. The piece centers on a securities class-action against AVAV, with material program exposure and financial strain cited; relevance hinges on case merit and potential settlements.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Lawsuit adds material legal risk to AVAV&#039;s SCAR program exposure.</li><li>Stop-work order and recompete risk could pressure AVAV cash flows.</li><li>Lead-plaintiff deadline may trigger settlement discussions and volatility.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Class Period: June 25, 2025 – June 18, 2026.</li><li>Stop-work order issued January 20, 2026 for SCAR BADGER systems.</li><li>January 20, 2026 AVAV declined by $61.97 (15.77%), close $330.89.</li><li>March 11, 2026 Q3: operating loss $179.0M; goodwill impairment $151.3M.</li><li>Lead plaintiff deadline: July 27, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Negative catalyst; AVAV likely to remain volatile until the July 27, 2026 lead plaintiff deadline.</p>
  </section>
</section>


<article>
  <header>
    <h2>Kaplan Fox Files Class Action Against AeroVironment, Inc. (AVAV) on Behalf of Investors with Losses Over $200,000</h2>
  </header>

  <section aria-label="Executive summary">
    <p><strong>New York, NY</strong> – Kaplan Fox & Kilsheimer LLP announced that a <em>class action lawsuit</em> has been filed against AeroVironment, Inc. (NASDAQ: AVAV) on behalf of investors who purchased or otherwise acquired AeroVironment securities between <strong>June 25, 2025</strong> and <strong>June 18, 2026</strong> (the "Class Period"). The case centers on alleged misstatements related to the SCAR program and related space contracts.</p>
    <p>Investors who suffered losses may contact Kaplan Fox for information about the lead plaintiff process and potential recovery. The firm notes a <strong>deadline</strong> to move the court as a lead plaintiff: <u><strong>no later than July 27, 2026</strong></u>.</p>
  </section>

  <section aria-label="Case details">
    <h3>Class Period and Issuer Information</h3>
    <ul>
      <li><strong>Issuer:</strong> AeroVironment, Inc. (<strong>AVAV</strong>)</li>
      <li><strong>Class Period dates:</strong> <strong>June 25, 2025</strong> to <strong>June 18, 2026</strong></li>
      <li><strong>Filed by:</strong> Kaplan Fox & Kilsheimer LLP</li>
    </ul>
    <p>CLICK HERE TO JOIN THE CASE. If you are an investor in AeroVironment and have suffered losses, you may contact Kaplan Fox to discuss eligibility and options. You may also email <a href="mailto:pmayer@kaplanfox.com"><strong>pmayer@kaplanfox.com</strong></a> or call <strong>(646) 315-9003</strong>.</p>
  </section>

  <section aria-label="Key events and financial context">
    <h3>Key Events Impacting AVAV Shareholder Value</h3>
    <p>On <strong>January 20, 2026</strong>, before markets opened, AeroVironment disclosed in an 8-K filing with the Securities and Exchange Commission that <em>“upon mutual agreement”</em> of AeroVironment and the U.S. Government, <em>“the U.S. Government issued a stop work order on the Company's Other Transaction Agreement for the delivery of BADGER phased array antenna systems to support the Satellite Communication Augmentation Resource ("SCAR") program.”</em> The filing noted that <em>“[t]he stop work order allows for the parties to negotiate an amended agreement for the future of the SCAR program under new requirements for the program, which amendment is expected to be a firm-fixed price agreement. The Company expects to continue to deliver capabilities and products for the SCAR program.”</em></p>
    <p>Following this news, AeroVironment stock declined <strong>$61.97</strong> per share, or <strong>15.77%</strong>, to close at <strong>$330.89</strong> per share on January 20, 2026.</p>

    <p>On <strong>March 10, 2026</strong>, after market, AeroVironment issued a press release announcing third quarter 2026 financial results. The Company reported <strong>“operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025.”</strong> According to the complaint, 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 SCAR program. The filing also states that <em>“AeroVironment also reported that the U.S. Space Force had terminated the Company's contract concerning the SCAR program, and as a result, it would have to '<i><b>recompete</b></i>' for the SCAR program.”</em></p>
    <p>Following this news, AeroVironment stock fell <strong>$13.84</strong> per share, or <strong>6.24%</strong>, to close at <strong>$207.73</strong> per share on March 11, 2026.</p>
  </section>

  <section aria-label="Allegations and claims">
    <h3>Allegations Under the Class Action Complaint</h3>
    <p>The complaint alleges, among other things, that throughout the Class Period, <em>“Defendants made false and/or misleading statements and/or failed to disclose that: (i) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; (ii) accordingly, Defendants overstated AeroVironment's business and financial prospects; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.”</em></p>
  </section>

  <section aria-label="Why contact Kaplan Fox">
    <h3>Why Investors May Seek Counsel From Kaplan Fox</h3>
    <p>Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than <strong>$10 billion</strong> for clients and the classes it has represented.</p>
    <p>Kaplan Fox is widely regarded as a leading plaintiffs' securities litigation firm and has been recognized by Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. The firm has achieved notable recoveries in securities cases, including a <strong>$2.425 billion</strong> recovery on behalf of Bank of America shareholders in In re Bank of America — the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act; <strong>$800 million</strong> recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors; and a <strong>$475 million</strong> settlement in In re Merrill Lynch.</p>
    <p>Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation, helping shape securities and corporate law while advancing accountability and protecting investor interests.</p>
  </section>

  <section aria-label="Contact information and disclaimer">
    <h3>Investor Contact and Legal Notice</h3>
    <p><strong>CONTACT:</strong><br />Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/kXR57IVkoY"><strong>KAPLAN FOX & KILSHEIMER LLP</strong></a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p>
    <p><strong>Laurence D. King</strong><br /><a href="https://api.newsfilecorp.com/redirect/B5G2qUpeyp"><strong>KAPLAN FOX & KILSHEIMER LLP</strong></a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p>
    <p>Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p>
  </section>

  <section aria-label="Source and disclosure">
    <p>For more information, visit: <a href="https://www.kaplanfox.com/case/aerovironment-inc-class-action-alert-learn-more-now/">https://www.kaplanfox.com/case/aerovironment-inc-class-action-alert-learn-more-now/</a></p>
    <p><img src="https://images.newsfilecorp.com/files/12532/306452_ec55dfd774bad8da_logo.jpg" alt="Corporate Logo" /></p>
    <p>To view the source version of this press release, please visit <a href="https://www.newsfilecorp.com/release/306452">https://www.newsfilecorp.com/release/306452</a></p>
  </section>
</article>

Investors face a legal and operating setback for AeroVironment tied to the SCAR program. The class action covers June 2025 to June 2026 and follows a stop-work order and a substantial impairment, with Space Force recompete implications. The litigation could pressure AVAV's valuation and create near-term volatility as facts emerge and potential settlements develop.

News insight

Kaplan Fox Encourages AeroVironment, Inc. (AVAV) Investors with Losses of More Than $200,000 to Contact the Firm Before July 27, 2026

AI summary

Sentiment rationale

Key facts

Legal