Garmin Stock Price, News & Analysis

Garmin has launched its latest dive computers, the Descent Mk2 and Descent Mk2i, featuring advanced air integration through the new SubWave sonar technology. These devices provide tank pressure data and monitor multiple diver metrics, boasting a larger display and enhanced smartwatch functionalities. The Descent Mk2 series supports various dive modes and can track data like depth and gas consumption. With up to 16 days of battery life in smartwatch mode and 80 hours in dive mode, the devices are priced from $1,299.99 to $1,499.99, available now, while the T1 transmitter will be released later in Q4 2020.

Garmin International has received the 2020 Grand Laureate Award in Business Aviation from Aviation Week Network for its innovative Autoland technology. This system enables general aviation aircraft to land autonomously without pilot intervention, enhancing flight safety. The award was presented during a virtual ceremony on October 19, 2020. Autoland has already achieved FAA certification for certain aircraft models and is set to be featured in over 100 aircraft by the end of 2020. Garmin's commitment to aviation safety and technological advancement is underscored by this recognition.

Garmin has launched the vívofit^® jr. 3 kids' fitness tracker, designed for engaging children in physical activity. It features a color display, various designs, and a battery life of up to a year. The tracker incentivizes kids to achieve daily goals through the Garmin Jr.™ app, which includes adventures and mini-games. Priced at $79.99, it's available now, aiming to help parents manage their children’s routines while promoting healthier habits.

Garmin International has launched the GPS 24xd marine position receiver and antenna, enhancing mariners' positioning capabilities with advanced multi-band GPS technology. Utilizing L1 and L5 frequencies and satellite constellations like GPS, Galileo, GLONASS, and BeiDou, it ensures location accuracy within 1 meter and heading precision within 3 degrees. Priced at $299.99, the GPS 24xd is compatible with various Garmin marine chartplotters. This product signifies Garmin's commitment to innovative marine technology, as recognized by their recent award as Manufacturer of the Year by the NMEA.

Garmin has launched the Index S2™ smart scale, enhancing its predecessor with improved accuracy and a new weight trend graph feature. Designed for both athletes and health-conscious users, it measures various biometrics including weight, body fat percentage, and BMI, syncing data seamlessly to the Garmin Connect™ account via Wi-Fi. The scale accommodates up to 16 users and offers customizable widgets. Available in black or white, it retails at $149.99 with a battery life of up to 9 months.

Garmin (GRMN) is collaborating with Children’s Mercy Kansas City to support the Stay Active Program, which aims to improve students' health and development through structured physical activity lessons delivered online. This initiative is part of Garmin's commitment to enhancing pediatric health, especially during the challenges posed by the COVID-19 pandemic. The program utilizes Garmin's wearable fitness trackers for monitoring activity levels, and aims to assist healthcare providers in managing chronic conditions like Type 1 Diabetes.

Garmin International has launched the D2™ Air, a new GPS smartwatch designed specifically for pilots. It combines aviation tools with smartwatch features for 24/7 use. Key functionalities include weather reports, direct-to navigation, and flight logging, alongside smart notifications and Garmin Pay. The D2 Air boasts a 1.2” AMOLED touchscreen, supports health monitoring, and offers a battery life of up to 5 days. Priced at $499, this smartwatch enhances flying experience while supporting an active lifestyle.

Garmin International announced that Tom Carr, its Director of Flight Operations and Chief Test Pilot, received the 2020 Iven C. Kincheloe Award from the Society of Experimental Test Pilots (SETP) for his excellence in flight testing. The award recognizes Carr's significant contributions to the Garmin Autoland flight test program, which achieved FAA certification in May 2020. With over 42 years of experience, Carr has been pivotal in developing innovative Garmin products, enhancing the company's aviation capabilities.

Garmin International has been recognized as the Manufacturer of the Year for the sixth consecutive time by the National Marine Electronics Association (NMEA) at their virtual meeting on Sept. 26. The company also received four NMEA Product of Excellence awards, including honors for its GPSMAP 8616xsv and Reactor 40 Hydraulic Autopilot. Garmin's commitment to innovation and excellence is underscored by its continuous collaboration with industry professionals and dealers, enhancing its reputation in the marine electronics market.