Skip to main content
institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AeroVironment, Inc. - AVAV - AeroVironment (NASDAQ:AVAV)

Investor inquiry launched after AeroVironment's Q3 results showed a $151.31M goodwill impairment and $1.49B backlog removal due to a stop-work order on the BADGER SCAR program.

  • On March 11, 2026 Pomerantz launched a probe after fiscal Q3 2026 results reported March 10, 2026, disclosed a $151.31 million goodwill impairment and unfunded backlog removal.
  • A stop-work order on the BADGER SCAR program triggered a $151.31 million goodwill impairment and removed $1,493.2 million in unfunded backlog options.
  • On March 11, 2026, AeroVironment reported Q3 revenue of $408.05 million, missing the $475.65 million consensus by 14.21%, with a net loss of $3.15 per share under GAAP.
  • Raymond James downgraded AVAV on March 2, cutting to Underperform amid SCAR uncertainty, as shares plunged $43.93 to close at $208.32 and KeyBanc trimmed its price target to $295 from $330.
  • Funded backlog reached a record $1.10 billion, and CEO Wahid Nawabi and CFO Kevin McDonnell will participate in a fireside chat at the J.P. Morgan 2026 Industrials Conference on March 18, which could clarify the SCAR re-competition timeline.
Insights by Ground AI
Podcasts & Opinions

11 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 83% of the sources are Center
83% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Green Stock News broke the news in on Tuesday, March 10, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal