Berger Montague also announced a securities class action on behalf of AeroVironment investors who bought during the same period, pointing to three stock drops tied to SCAR program setbacks and a July 27, 2026 lead plaintiff deadline.
Berger Montague PC said it has announced a securities class action against AeroVironment, Inc. on behalf of investors who purchased or acquired AeroVironment common stock between June 25, 2025 and March 10, 2026, adding to earlier litigation tied to the company's disclosures around the SCAR program. The firm points to three market-moving developments: a January 20, 2026 stop work order affecting deliveries of BADGER systems to the Satellite Communication Augmentation Resource program, a March 2, 2026 report that the U.S. Space Force was reopening SCAR and moving to a new acquisition strategy, and AeroVironment's March 10, 2026 disclosure of a fiscal third-quarter 2026 operating loss of $179.0 million, including a $151.3 million goodwill impairment in its space division, alongside formal termination of the SCAR contract and the need to recompete. Berger Montague said AeroVironment shares fell 15.77% to $330.89 on January 20, 17.42% to $208.32 on March 2, and 6.24% to $207.73 on March 11 after those developments. Investors seeking appointment as lead plaintiff have until July 27, 2026, according to the firms' notices.