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. https://goo.gl/uKqjnQ

~ Monrovia's Xencor Inc. reported a $29.5 million loss for its first quarter, or 62 cents per share. The company develops antibody drugs. https://goo.gl/sgy6QA

- Brad Haugaard