News & Resources

Activist Client Engaged Capital Featured in Numerous Media Reports for Unveiling of a Strategic Plan to Fair Valuation at AeroVironment

July 17, 2013

The Wall Street Journal, Street Insider, RTT News, Barron's, Associated Press and numerous other media outlets reported on Engaged Capital’s public disclosure of a 5.1% stake in AeroVironment, the California-based designer and developer of advanced portfolio of unmanned aircraft systems (drones) for the U.S. military.  Engaged Capital stated that AeroVironment is undervalued and released a strategic plan to create fair valuation at  AeroVironment through improvements in corporate governance, financial disclosures, capital structure and a stronger focus on value creating capital allocation.  The market responded to Engaged Capital’s announcement favorably, as AeroVironmnet’s stock price rose 13% over the course of the day.  Steve Wolosky and Meagan M. Reda represent Engaged Capital in connection with its investment in AeroVironment.