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XETRA:OHB.DE 23 June 2026

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  • AeroVironment Shares Tank 10.8% on Goodwill Restatement and SCAR Backlog Concerns
    June 22, 2026, 6:04 PM EDT. AeroVironment (NASDAQ:AVAV) shares plunged 10.8% to $151.33 after restating quarterly results to reflect an $87.3 million increase in net loss due to a goodwill accounting error. The company's revenue and operating cash flow were unaffected, but a fresh internal-control weakness was disclosed. Investors focused on the backlog risk, as $1.49 billion of unfunded Satellite Communication Augmentation Resource (SCAR) contract options are no longer expected to be awarded, raising concerns about the growth outlook ahead of fiscal Q4 results and investor day. The U.S. government recently moved to terminate a related SCAR contract, intensifying scrutiny of AeroVironment's space unit performance and backlog quality.

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AeroVironment (NASDAQ:AVAV) falls after restatement; SCAR backlog risk eyed

AeroVironment (NASDAQ:AVAV) falls after restatement; SCAR backlog risk eyed

22 June 2026
AeroVironment shares plunged 10.8% to $151.33 after an amended 10-Q revealed an $87.3 million deeper net loss, a new internal-control weakness, and that $1.49 billion in SCAR-related unfunded options are no longer expected to be awarded, raising doubts about backlog quality and growth ahead of next week’s earnings and investor day.
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