Garmin Stock Price, News & Analysis

Garmin International Inc. has been awarded the 2020 On-Time Delivery Award by Airbus Helicopters, marking its second consecutive year receiving this recognition. This award acknowledges Garmin's commitment to timely product delivery for its avionics systems used in Airbus Helicopters like the H125, H130, H135, and H145. Garmin's aviation segment continues to be a key provider for OEM and aftermarket solutions, signifying strong operational performance and strategic partnerships, particularly with Airbus.

Garmin Ltd. (Nasdaq: GRMN) will host its fourth quarter 2020 earnings conference call on February 17, 2021, at 10:30 a.m. ET. The call will precede the earnings release, which will be made available before market open on the same day. Shareholders and investors can join the call online or via phone by dialing 855-757-3897. A replay of the call will be accessible on Garmin's website until February 16, 2022. The company continues to focus on innovation across various sectors, including aviation, automotive, and fitness.

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), has received its 11th Supplier of the Year award from Embraer for its G3000 Prodigy Touch flight deck systems. The recognition came in the Electric and Electronic Systems category, highlighting Garmin's commitment to innovation and customer satisfaction. This award emphasizes the strong collaboration with Embraer, which has resulted in enhanced in-flight experiences for customers. Garmin continues to be a leading provider in the aviation sector, with a focus on quality and reliability.

Garmin International Inc. has launched the RV 1090, the largest addition to its RV-specific GPS navigator series. Featuring a 10-inch high-resolution touchscreen, the RV 1090 offers enhanced visibility for travelers, customizable RV routing, and preloaded travel content including RV parks and services. Notable features include Bluetooth hands-free calling, a voice assistant, and easy trip planning through the Garmin Drive app. The RV 1090 is priced at $699.99 and aims to provide a seamless navigation experience for RV enthusiasts.

Garmin International announced that its innovative Autoland system won the first Top Flight Award from Aviation International News in the Contribution to Safety category. Autoland is the first certified system that can autonomously land an aircraft in emergencies, aiding pilot incapacitation scenarios. This recognition affirms Garmin's commitment to aviation safety through advanced technology. Autoland has received FAA certification for various aircraft, including the Piper M600 and Daher TBM 940, enhancing the operational safety of single-pilot operated planes.

Garmin Ltd. (NASDAQ: GRMN) has acquired the assets of GEOS Worldwide Limited, a leader in emergency monitoring and incident response services. This acquisition enhances Garmin's inReach® personal satellite communicators' SOS response capabilities via the International Emergency Response Coordination Center (IERCC). Since 2007, IERCC has managed over 83,000 emergencies, including 5,000 from Garmin users. The financial terms remain undisclosed. Garmin aims to improve safety for its customers through this strategic acquisition, leveraging GEOS's expertise to continue providing top-tier emergency services.

Garmin International has announced that its FltPlan.com platform has integrated runway analysis service from AeroData. This feature allows pilots to calculate performance data during flight planning, streamlining the process and improving accuracy. AeroData serves over 135 airlines and now extends its offerings to business aviation, enabling tailored performance calculations and obstacle clearance procedures. Key benefits include time savings, maximized aircraft performance, and automatic fuel load calculations. This integration aims to enhance operational safety and efficiency for pilots in business aviation.

Garmin International, a subsidiary of Garmin Ltd. (NASDAQ:GRMN), announced enhancements to the GFC 600 autopilot system, adding Smart Rudder Bias for select piston twin-engine aircraft. This feature assists pilots during one-engine inoperative (OEI) events, reducing workload and enhancing control. The GFC 600 also received STC approval for the Piper PA-31, broadening its compatible aircraft. These upgrades improve aircraft safety and performance, allowing for quicker identification of engine issues and better handling in critical flight situations.

Garmin International announced that its Autoland system received a 2020 Best of What’s New Award from Popular Science in the Aerospace category. Recognized for its groundbreaking innovation, Autoland can safely land aircraft autonomously in emergencies, ensuring passenger safety. The system, integrated into the G3000 flight deck, has received FAA certification for multiple aircraft types and is set to be deployed across over 100 aircraft by the end of 2020. This achievement underscores Garmin's commitment to aviation safety and technological advancement.