The lawsuit says AeroVironment told investors one thing about its Space Force work and the facts said another. Anyone who bought the company’s securities between June 25, 2025 and March 10, 2026 has until July 27, 2026 to ask a court to serve as lead plaintiff in the class action, Rosen Law Firm reminded investors on July 10.
The complaint centers on two Space Force efforts: the Satellite Communication Augmentation Resources program, known as SCAR, and the service’s ongoing push to modernize the Satellite Control Network. According to the suit, defendants played down how likely it was that AeroVironment (NASDAQ: AVAV) would soon face competition from other vendors for its work on those programs.
That, the suit says, led them to overstate the company’s business and financial prospects, so their public statements were materially false and misleading throughout the class period. The complaint says investors were harmed when the true details reached the market.
What a lead plaintiff does
A lead plaintiff is a representative party who acts for the other class members and directs the litigation. To take the job, an investor must move the court no later than July 27. Nobody has to. Rosen’s notice says an investor’s ability to share in any future recovery does not depend on serving.
No class has been certified yet. Until one is, investors are not represented by counsel unless they hire a lawyer, and they may choose counsel themselves or do nothing for now and remain an absent class member.
Fees and the firm’s pitch
Rosen says those who bought during the class period may be entitled to compensation without paying any out-of-pocket fees or costs, because it works on a contingency fee arrangement. Investors can join through the firm’s website or reach Phillip Kim toll-free at 866-767-3653.
The notice also urges investors to be careful about who they hire. Rosen says firms that send out notices often lack comparable experience, and that many “do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases.” It says it has been ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017, and that in 2019 alone it secured more than $438 million for investors.
