Law firm notices describe AeroVironment securities claims over SCAR and BADGER disclosures, with one filing covering June 25, 2025 to March 10, 2026 and another notice citing a class period through June 18, 2026.
Berger Montague PC said it filed a securities class action against AeroVironment, Inc. on behalf of investors who bought common stock between June 25, 2025 and March 10, 2026, while a later investor notice from The Law Offices of Frank R. Cruz described AeroVironment claims with a class period running from June 25, 2025 to June 18, 2026. Both notices said investors seeking appointment as lead plaintiff must move by July 27, 2026. The allegations center on whether AeroVironment understated the likelihood of competition and overstated business prospects tied to the Satellite Communication Augmentation Resource, or SCAR, program and the U.S. Space Force’s modernization of the Satellite Control Network. The cited disclosures include a Jan. 20, 2026 stop work order involving BADGER systems, a March 2 report that the Space Force was reopening and reassessing SCAR under a new acquisition strategy, and AeroVironment’s March 10 disclosure of a $179.0 million third-quarter fiscal 2026 operating loss, including a $151.3 million goodwill impairment in its space division, along with notice that the Space Force had terminated the SCAR contract and the company would have to recompete.