Bragar Eagel & Squire announces AeroVironment class action with July 27, 2026 lead plaintiff deadline

Bragar Eagel & Squire, P.C. said a securities class action has been filed against AeroVironment, Inc. in the U.S. District Court for the Eastern District of Virginia on behalf of investors who purchased or otherwise acquired AeroVironment securities between June 25, 2025 and June 18, 2026, with a July 27, 2026 deadline to seek appointment as lead plaintiff. The complaint alleges the company made false and misleading statements or omitted material adverse facts by understating the likelihood that it would soon face competition from other vendors for work tied to the Satellite Communication Augmentation Resource program and the U.S. Space Force’s efforts to modernize the Satellite Control Network. The case materials point to a series of disclosures in 2026, including AeroVironment’s Jan. 20 announcement that the U.S. government had issued a stop work order on its agreement to deliver BADGER systems to the SCAR program, after which the stock fell $61.97, or more than 15%, to close at $330.89. The filing also cites March 10, when AeroVironment reported third-quarter fiscal 2026 results reflecting a $151.3 million goodwill impairment in its space division after the stop work order, said the U.S. Space Force had terminated the SCAR contract and that it would need to recompete for the program; the stock then fell $13.84, or 6.24%, to close at $207.73 on March 11.