Overview

A class action lawsuit has been filed against AeroVironment, Inc. (“AeroVironment” or the “Company”) (NASDAQ: AVAV) and certain of the Company’s senior executive officers (collectively, “Defendants”) alleging violations of the federal securities laws. The AeroVironment lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired AeroVironment securities between June 25, 2025, and March 10, 2026, inclusive (the “Class Period”). Investors have until July 27, 2026, to seek appointment as lead plaintiff of the AeroVironment class action lawsuit.

AeroVironment is a defense technology company that develops and manufactures integrated solutions across air, land, sea, space, and cyber domains. In May 2025, the Company completed its acquisition of BlueHalo, a defense technology firm that had previously secured a large contract to provide BADGER phased array antenna systems for the U.S. Space Force’s Satellite Communication Augmentation Resource (“SCAR”) program.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business prospects and anticipated revenue associated with the SCAR program. Specifically, Defendants represented that the SCAR program and BADGER system would serve as significant growth drivers for the Company.  For example, Defendants stated that AeroVironment’s work pursuant to the contract was “very much on track,” that the customer was “asking for more [BADGER systems],” and that the Company stood “ready to build more.”  However, Defendants’ statements to investors understated the likelihood that the Company 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 modernization efforts. 

The truth began to emerge on January 20, 2026, when AeroVironment disclosed that the U.S. government had issued a stop-work order on the Company’s agreement to deliver BADGER systems under the SCAR program. Following this announcement, AeroVironment’s stock price fell nearly 16%.

Then, on March 2, 2026, reports emerged that the U.S. Space Force was reopening the SCAR program to additional suppliers and reassessing its acquisition strategy. On this news, AeroVironment’s stock price declined an additional 17%.

Then on March 10, 2026, AeroVironment reported third-quarter fiscal 2026 results, including a $151.3 million goodwill impairment related to its space business following the SCAR stop-work order. The Company also disclosed that the U.S. Space Force had terminated AeroVironment’s existing SCAR contract and that AeroVironment would be required to “recompete” for the program. Furthermore, AeroVironment reduced its fiscal 2026 revenue guidance. On this news, the Company’s stock price fell by more than 6%.

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If you purchased or otherwise acquired AeroVironment securities between June 25, 2025, and March 10, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the AeroVironment class action lawsuit is July 27, 2026.