Investigation ALERT: Investors who hold shares of AeroVironment, Inc. (NASDAQ: AVAV) should contact the Shareholders Foundation

An investigation was announced for long-term investors in shares of AeroVironment, Inc. (NASDAQ: AVAV) concerning potential breaches of fiduciary duties by certain directors and officers of AeroVironment, Inc.

Investors who are current long term investors in AeroVironment, Inc. (NASDAQ: AVAV) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NASDAQ: AVAV stocks follows a lawsuit filed against AeroVironment, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: AVAV stocks, concerns whether certain AeroVironment, Inc. directors are liable in connection with the allegations made in that lawsuit.

Arlington, VA based AeroVironment, Inc. designs, develops, produces, delivers, and supports a portfolio of robotic systems and related services for government agencies and businesses in the United States and internationally.

AeroVironment, Inc. (NASDAQ: AVAV) reported that its Total Revenue rose from $716.72 million for the 12 months period that ended on April 30, 2024, to $820.62 million for the 12 months period that ended on April 30, 2025, and that its Net Income over those respective time periods declined from $59.66 million to $43.61 million.

On May 1, 2025, AeroVironment, Inc. announced it had completed the acquisition of BlueHalo, LLC, which had previously been awarded a contract to support the U.S. Space Force's Satellite Communication Augmentation Resource ("SCAR") program. The SCAR program represents the U.S. Space Force's efforts to modernize antennas used by the Satellite Control Network ("SCN"), which is comprised of 19 fixed antennas across the world and executes tasks such as tracking satellites, transmitting signals, and conducting telemetry, or accessing data from satellites to assess their status and health, according to the complaint.

On January 20, 2026, AeroVironment, Inc. announced that the U.S. government had issued a stop work order on AeroVironment's agreement to deliver BADGER systems to the SCAR program. In the same announcement, AeroVironment allegedly stated that the stop work order "allows for the parties to negotiate an amended agreement for the future of the SCAR program" and that "[t]he Company expects to continue to deliver capabilities and products for the SCAR program." On this news, the price of AeroVironment stock fell nearly 16%, according to the complaint.

On March 2, 2026, SpaceNews allegedly reported that the U.S. Space Force was reopening the SCAR program and "reassessing how to move forward." Space News quoted Colonel Owen Stevens, director of contracting at the Space Rapid Capabilities Office, which supervised SCAR, as stating: "We have been in conversations with the SAE [senior acquisition executive] for a little while now, and we are going to move into a new acquisition strategy for SCAR," the complaint alleges.

On March 10, 2026, AeroVironment, Inc. announced its financial results for the third quarter of fiscal year 2026. Among other items, AeroVironment allegedly reported a third-quarter operating loss of $179.0 million, compared to an operating loss of $3.1 million for the same period in fiscal year 2025. These financial results reflected the impact of a $151.3 million goodwill impairment in AeroVironment's space division after the stop work order on AeroVironment's BADGER systems built for the SCAR program, according to the AeroVironment class action lawsuit. AeroVironment also allegedly reported that the U.S. Space Force had terminated AeroVironment's contract concerning the SCAR program, and as a result, it would have to "recompete" for the SCAR program.

Shares of AeroVironment, Inc. (NASDAQ: AVAV) declined from $417.86 per share on October 09, 2025, to as low as $156.00 per share on May 13, 2026.

According to that complaint filed in the U.S. District Court for the Eastern District of Eastern Virginia the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN, and that accordingly, defendants overstated AeroVironment's business and financial prospects.

Those who purchased shares of AeroVironment, Inc. (NASDAQ: AVAV) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.