AeroVironment booked a $151.3 million goodwill impairment and lost a contract on March 10, 2026. A securities class action now says the company’s investors were not told that was coming.
The Rosen Law Firm announced the suit for people who bought AeroVironment (NASDAQ: AVAV) securities between June 25, 2025 and March 10, 2026. Anyone who wants to serve as lead plaintiff has until July 27, 2026 to move the court. Another firm, Faruqi & Faruqi, describes the class period as running from 4:30 p.m. EST on June 24, 2025 to June 18, 2026.
The space contract at issue
The complaint centers on work AeroVironment did for the U.S. Space Force under the Satellite Communication Augmentation Resources program, known as SCAR, and on the service’s ongoing efforts to modernize the Satellite Control Network. It alleges the company understated the likelihood that it would soon face competition from other vendors for that work. Because of that, the suit says, executives overstated AeroVironment’s business and financial prospects, and their public statements were materially false and misleading.
Faruqi & Faruqi lays out how the picture changed. A U.S. government stop work order came on January 20, 2026. On March 2, the Space Force announced it was reopening the SCAR program. On March 10, AeroVironment disclosed the $151.3 million goodwill impairment and the contract termination. The stock price, the firm says, dropped sharply as those disclosures landed.
Where the case stands
No class has been certified. Until one is, investors are not represented by counsel unless they hire a lawyer. A lead plaintiff acts as the representative party and directs the litigation for everyone in the class. Investors can seek that role, pick their own counsel, or stay absent class members and do nothing. Rosen says an investor’s ability to share in any eventual recovery does not depend on serving as lead plaintiff.
Faruqi & Faruqi says it is investigating potential claims against the company and has asked anyone with information about AeroVironment’s conduct, including former employees and whistleblowers, to contact it. The allegations have not been proven.
Sources
- AVAV Investors Have Opportunity to Lead AeroVironment, Inc. Securities Fraud Lawsuit
- AVAV FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds AeroVironment (AVAV) Investors of Securities Class Action Lawsuit Deadline on July 27, 2026
