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Class action filed against AeroVironment over alleged misleading claims on SCAR program profits.

Market News
28 May 2026
PRNewsWire
View Source
Bearish
pluang ai news

A class action lawsuit has been filed against AeroVironment, Inc. by investors who bought shares between June 25, 2025, and March 10, 2026. The suit alleges that AeroVironment misled investors about the profitability and future growth from its involvement in the U.S. Space Force's SCAR program, particularly after acquiring BlueHalo, LLC. The company had assured strong revenue growth from the program, but later faced a stop work order and contract termination, causing significant stock price drops and a $151.3 million goodwill impairment. Investors may participate in the class action, with lead plaintiff submissions due by July 27, 2026.

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