NEW YORK--(BUSINESS WIRE)--May 28, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against AeroVironment, Inc. (“AeroVironment” or the “Company”) (NASDAQ: AVAV) and reminds investors of the July 27, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) 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; (2) accordingly, Defendants overstated AeroVironment’s business and financial prospects; and (3) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
On January 20, 2026, AeroVironment announced that the U.S. government had issued a stop work order on the Company's agreement to deliver BADGER systems to the SCAR program. In the same announcement, AeroVironment 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, AeroVironment's stock price fell $61.97 per share, or 15.77%, to close at $330.89 per share on January 20, 2026.
Then, on March 2, 2026, Space News 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 [senior acquisition executive] for a little while now, and we are going to move into a new acquisition strategy for SCAR."
On this news, AeroVironment's stock price fell $43.93 per share, or 17.42%, to close at $208.32 per share on March 2, 2026.
Then, on March 10, 2026, AeroVironment announced its financial results for the third quarter of fiscal year 2026. Among other items, AeroVironment 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 the Company's space division after the stop work order on the Company's BADGER systems built for the SCAR program. AeroVironment also reported that the U.S. Space Force had terminated the Company's contract concerning the SCAR program, and as a result, it would have to "recompete" for the SCAR program.
On this news, AeroVironment's stock price fell $13.84 per share, or 6.24%, to close at $207.73 per share on March 11, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding AeroVironment’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the AeroVironment class action, go to www.faruqilaw.com/AVAV or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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AVAV DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds AeroVironment (AVAV) Investors of Securities Class Action Deadline on July 27, 2026
NEW YORK (AP) — The U.S. stock market is pushing to more records Thursday as companies like Dollar Tree, Snowflake and Hormel Foods keep piling up profits. That's even as oil prices continue to swing and more data shows pressure building on the economy because of the war with Iran.
The S&P 500 added 0.5% to its all-time high set the day before after drifting between small gains and losses earlier in the morning. The Dow Jones Industrial Average was down 10 points, or less than 0.1%, as of 1:26 p.m. Eastern time, and the Nasdaq composite was 0.8% higher after both indexes also set records the day before.
Even with worries about expensive oil and high inflation, the U.S. stock market has run to records largely because U.S. companies keep making more money. Stock prices tend to follow the path of corporate profits over the long term, and companies have been routinely topping analysts' expectations for the first three months of 2026.
Dollar Tree’s stock soared 19% after it became the latest to report fatter profit than analysts expected. CEO Mike Creedon said improved store conditions helped the retailer make more profit off each $1 in sales during the latest quarter despite tariffs adding to its costs. The company also gave a forecast for profit over the full year that topped analysts’ expectations.
Kohl’s rallied 18.9% after the retailer reported better results for the latest quarter than analysts had feared, while Best Buy climbed 18% following its own better-than-expected profit report. Hormel Foods climbed 13.1% after a strong performance for its Jennie-O ground turkey and exports of its Spam luncheon meat helped it report a better profit than analysts expected.
Snowflake rose 38.8% after saying artificial intelligence continues to be a strong driver of its business, and profit and revenue for the latest quarter exceeded expectations.
They helped offset a dip for Marvell Technology, which fell 3.1% after its profit for the latest quarter only matched analysts' expectations. It also said AI is driving big revenue growth for it, particularly its data center business.
In the oil market, prices ticked higher following their latest U-turns. The price for a barrel of benchmark U.S. crude oil rose 0.4% to $89.04, but only after bouncing between $87 and $92. It's been swinging as hopes rise and fall that the United States and Iran may reach a deal to reopen the Strait of Hormuz and get oil flowing again from the Persian Gulf to customers worldwide.
The latest threat to the ceasefire in the war came after U.S. Central Command said Kuwait had intercepted missiles launched by Iran late Wednesday night. That followed earlier “defensive” strikes by the U.S. military on missile launch sites and minelaying boats in southern Iran.
In the bond market, Treasury yields eased after a report said the measure of inflation that the Federal Reserve likes to use accelerated last month but was roughly within economists’ expectations.
The yield on the 10-year Treasury fell to 4.46% from 4.48% late Wednesday after giving up an earlier gain.
Data also showed how U.S. households are less able to save money, with the personal savings rate down to a four-year low of 2.6%, “pointing up the financial pressure on lower- and middle-income families,” according to Gary Schlossberg, global strategist at Wells Fargo Investment Institute.
U.S. households have been saying they’re feeling discouraged about the economy and inflation, even as the stock market keeps chugging along.
High yields in bond markets worldwide recently have threatened to slow economies and undercut prices for stocks and all kinds of other investments. High yields have already forced the average long-term U.S. mortgage rate to its most expensive level since last summer, and they could curtail companies’ borrowing to build the AI data centers that have supported the U.S. economy’s growth recently.
A report on Thursday said the pace of sales of new U.S. homes unexpectedly slowed last month, as the weight of higher mortgage rates hurts the market.
In stock markets abroad, indexes dipped across much of Europe and Asia. Hong Kong’s Hang Seng fell 1.3% for one of the world’s larger losses.
AP Business Writer Elaine Kurtenbach contributed to this report.
Trader Robert Arciero works on the floor of the New York Stock Exchange, Friday, May 22, 2026. (AP Photo/Richard Drew)
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 25, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
FILE - A person stands in front of an electronic stock board showing Japan's Nikkei index, seen through the glass wall of an office building in Tokyo, May 7, 2026. (AP Photo/Eugene Hoshiko, File)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, May 28, 2026. (AP Photo/Ahn Young-joon)
A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, May 28, 2026. (AP Photo/Ahn Young-joon)
Asia markets index of Japan, South Korea and Australia is seen on a screen at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, May 28, 2026. (AP Photo/Ahn Young-joon)
