Garmin Stock Price, News & Analysis

Garmin has been awarded the prestigious 2020 Robert J. Collier Trophy for its groundbreaking Autoland system, recognized as the first certified autonomous technology that can safely land an aircraft without human intervention. The system provides critical safety enhancements, especially during emergencies such as pilot incapacitation. Several aircraft have received Type Certification for Autoland, including Piper Aircraft's M600 SLS and Cirrus Aircraft's Vision Jet. The award highlights Garmin's commitment to innovation in aviation safety.

Garmin introduces the Forerunner 945 LTE, a premium GPS smartwatch designed for athletes, featuring LTE connectivity for enhanced safety and tracking without the need for a phone. Key features include emergency assistance, real-time tracking for family, and detailed training data. The watch offers personalized workouts, various sports apps, and health monitoring tools such as sleep tracking and blood oxygen levels. Available for $649.99 in the U.S. and Canada, it aims to elevate performance for runners and cyclists while ensuring safety during workouts.

Garmin International has formed a partnership with Deutsche Aircraft to supply the innovative Garmin G5000 integrated flight deck for the upcoming D328eco Companion flight deck. The D328eco aims to deliver more sustainable regional air transport solutions by 2025. Garmin's G5000 system will simplify flight operations, enhance situational awareness, and incorporate advanced technologies such as synthetic vision and weather radar. This collaboration marks a significant development in the regional airline segment, providing state-of-the-art capabilities to improve safety and efficiency.

Garmin announced its acquisition of AeroData, a leader in aircraft performance software for commercial and business aviation. AeroData's product range includes runway analysis, weight and balance, and automated load planning, serving over 135 airlines globally. The acquisition strengthens Garmin's position in commercial aviation and enhances its digital services portfolio. AeroData operates from Scottsdale, Arizona, and the financial terms of the acquisition remain undisclosed. This strategic move aims to expand Garmin's reach in providing performance data for over 20,000 commercial flights daily.

Garmin International, Inc. has launched a new children’s book titled Women of Adventure: Being Brave in a Big World. This book features inspiring stories of six notable women who triumphed over challenges, showcasing diversity and resilience. Written and illustrated by Garmin associates, it aims to encourage children to explore their passions and fosters learning about science and the outdoors. The book is available for $14.99 on garmin.com, promoting outdoor activity and self-belief among young readers. Garmin emphasizes its commitment to innovation and adventure.

Garmin has launched the Descent Mk2S, a compact dive computer designed for women and those with smaller wrists. The device features a 1.2-inch sapphire display and supports multiple dive modes, tracking data for up to 200 dives. It includes wellness tracking, a variety of sports apps, and advanced metrics for activities like surfing and mountain biking. Priced at $999.99, the Mk2S combines functionality with style, making it suitable for both diving and daily wear.

Garmin International has launched the MS-RA60 marine stereo, an entry-level solution for boaters, featuring a modern design and advanced audio technology. Priced at $199.99, it includes wireless Bluetooth connectivity, Multi-Zone control, and a built-in DAB tuner for improved radio access. The stereo is designed to fit in existing cut-outs of previous models, making upgrades easy. Weather resistance standards of IPX6 and IPX7 ensure durability in harsh marine conditions, catering to users seeking high-quality, affordable onboard entertainment.

Garmin Ltd. (Nasdaq: GRMN) announced the establishment of a pre-arranged trading plan by a trust co-managed by Jonathan Burrell, a director and co-founder’s son. This trading plan complies with Rule 10b5-1 of the Securities Exchange Act of 1934, allowing officers and directors to schedule stock sales without possessing material non-public information. Burrell currently holds a beneficial interest in approximately 11% of Garmin's shares. The plan, aimed at tax planning, will be publicly disclosed with SEC filings. No shares have been sold under this plan as of yet.