The complaint, filed by the Law Offices of Howard G. Smith, targets the period between June 25, 2025, and March 10, 2026. According to the filing, the company failed to inform shareholders that it faced imminent competition for work related to the SCAR program and the U.S. Space Force’s modernization of the SCN. Plaintiffs argue that by omitting these competitive risks, AeroVironment artificially inflated its financial outlook and misled the market regarding its operational stability.

Investors who purchased shares during this window and suffered losses may contact the firm to review their legal options. While participation as a lead plaintiff requires meeting specific criteria by the July deadline, shareholders may also choose to remain absent members of the class action without taking immediate individual action.