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German Navy Acquires AeroVironment's Puma Drones; Xencor Reports Loss

~ The German Navy has acquired the Puma maritime unmanned aircraft system, built by Monrovia-based AeroVironment.

~ Monrovia's Xencor Inc. reported a $29.5 million loss for its first quarter, or 62 cents per share. The company develops antibody drugs.

- Brad Haugaard

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