{"id":967834,"date":"2026-05-27T20:03:03","date_gmt":"2026-05-28T00:03:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-aerovironment-inc-avav-2\/"},"modified":"2026-05-27T20:03:03","modified_gmt":"2026-05-28T00:03:03","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-aerovironment-inc-avav-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-aerovironment-inc-avav-2\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against AeroVironment, Inc. (AVAV)"},"content":{"rendered":"
\n

NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities who purchased or otherwise acquired AeroVironment, Inc. (\u201cAeroVironment\u201d or the \u201cCompany\u201d) (NASDAQ: AVAV) securities between June 25, 2025, and March 10, 2026, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that Defendants failed to disclose to investors that: (i) 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\u2019s ongoing efforts to modernize the SCN; (ii) accordingly, Defendants overstated AeroVironment\u2019s business and financial prospects; and (iii) as a result, Defendants\u2019 public statements were materially false and misleading at all relevant times.<\/p>\n

The Complaint alleges that during the Class Period, Defendants consistently assured investors that the SCAR program would drive revenue growth for AeroVironment moving forward. The Complaint further alleges that among other items, Defendants stated that the SCAR program represented a \u201ctremendous growth opportunity,\u201d that AeroVironment\u2019s work pursuant to the contract was \u201cvery much on track,\u201d that the customer was \u201casking for more [BADGER systems],\u201d and that the Company stood \u201cready to build more.\u201d<\/p>\n

The Complaint alleges that on January 20, 2026, AeroVironment announced that the U.S. government had issued a stop work order on the Company\u2019s agreement to deliver BADGER systems to the SCAR program. The Complaint continues to allege that in the same announcement, AeroVironment stated that the stop work order \u201callows for the parties to negotiate an amended agreement for the future of the SCAR program\u201d and that \u201c[t]he Company expects to continue to deliver capabilities and products for the SCAR program.\u201d<\/p>\n

The Complaint alleges that on this news, AeroVironment\u2019s stock price fell $61.97 per share, or 15.77%, to close at $330.89 per share on January 20, 2026.<\/p>\n

Investors who purchased or otherwise acquired shares of AeroVironment should contact the Firm prior to the July 27, 2026<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of Virginia on behalf of all persons or entities who purchased or otherwise acquired AeroVironment, Inc. (\u201cAeroVironment\u201d or the \u201cCompany\u201d) (NASDAQ: AVAV) securities between June 25, 2025, and March 10, 2026, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants failed to disclose to investors that: (i) 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\u2019s ongoing efforts to modernize the SCN; (ii) accordingly, Defendants overstated AeroVironment\u2019s business … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against AeroVironment, Inc. (AVAV)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-967834","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against AeroVironment, Inc. 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