We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Garmin (GRMN) GFC 500 Autopilot Certification to Aid Aviation Unit
Read MoreHide Full Article
Garmin (GRMN - Free Report) is leaving no stone unturned to bolster its aviation business unit on the back of its robust autonomous flight solutions.
The company’s GFC 500 Autopilot received Supplemental Type Certification from Federal Aviation Administration (“FAA”) for use in the Cessna 172RG and Mooney M20 (C to G models) aircraft.
This approval is a testament to the company’s focus on strengthening the aviation portfolio. Moreover, it highlights the reliability of Garmin’s aviation technology.
Notably, GFC 500 autopilot, which features a simple, lightweight, cost-effective autopilot upgrade path, offers superior in-flight characteristics and self-monitoring capabilities.
Further, it integrates with the GI 275 or G5 electronic flight instruments, which enhance the autopilot performance of the aircraft.
Growing Certifications
Garmin’s aviation business is likely to benefit from the above-mentioned certification.
Apart from the latest certification, G1000 NXi upgrade recently received certification for use in the Prodigy Flight Deck equipped Embraer Phenom 300 business jet.
Further, the company’s Garmin Autoland received certification from FAA and European Aviation Safety Agency (“EASA”)for use in Daher TBM 940 business jet.
It also received certification from FAA for its Autoland use in Piper M600 jet via its G3000 integrated flight deck.
Furthermore, Autoland integrated Cirrus Aircraft’s Cirrus Vision Jet Safe Return system has received certification from the FAA.
Additionally, the company received certification from EASA for the utilization of G3X Touch flight display in single-engine certificated aircraft.
We believe that growing certifications will continue to drive the aviation segment’s topline.
Garmin’s family of autonomous safety solutions — Garmin Autonomi, which comprises Emergency Descent Mode (EDM) and Electronic Stability and Protection (ESP), and Autoland — has emerged as a key catalyst.
Moreover, a robust flight display and flight deck portfolio havebeen playing crucial roles in shaping the growth trajectory ofGarmin’s aviation business.
Additionally, the company enjoys solid momentum across OEM and after-market customers on the back of its popular aviation solutions.
Hence, the growing endeavors to strengthen the aviation segment will continue to drive Garmin’s topline in the near term.
Long-term earnings growth rates for Covetrus, Trimble and Vishay are currently pegged at 20.1%, 10% and 2.58%, respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Image: Bigstock
Garmin (GRMN) GFC 500 Autopilot Certification to Aid Aviation Unit
Garmin (GRMN - Free Report) is leaving no stone unturned to bolster its aviation business unit on the back of its robust autonomous flight solutions.
The company’s GFC 500 Autopilot received Supplemental Type Certification from Federal Aviation Administration (“FAA”) for use in the Cessna 172RG and Mooney M20 (C to G models) aircraft.
This approval is a testament to the company’s focus on strengthening the aviation portfolio. Moreover, it highlights the reliability of Garmin’s aviation technology.
Notably, GFC 500 autopilot, which features a simple, lightweight, cost-effective autopilot upgrade path, offers superior in-flight characteristics and self-monitoring capabilities.
Further, it integrates with the GI 275 or G5 electronic flight instruments, which enhance the autopilot performance of the aircraft.
Growing Certifications
Garmin’s aviation business is likely to benefit from the above-mentioned certification.
Apart from the latest certification, G1000 NXi upgrade recently received certification for use in the Prodigy Flight Deck equipped Embraer Phenom 300 business jet.
Further, the company’s Garmin Autoland received certification from FAA and European Aviation Safety Agency (“EASA”)for use in Daher TBM 940 business jet.
It also received certification from FAA for its Autoland use in Piper M600 jet via its G3000 integrated flight deck.
Furthermore, Autoland integrated Cirrus Aircraft’s Cirrus Vision Jet Safe Return system has received certification from the FAA.
Additionally, the company received certification from EASA for the utilization of G3X Touch flight display in single-engine certificated aircraft.
Garmin Ltd. Revenue (TTM)
Garmin Ltd. revenue-ttm | Garmin Ltd. Quote
Aviation in Focus
We believe that growing certifications will continue to drive the aviation segment’s topline.
Garmin’s family of autonomous safety solutions — Garmin Autonomi, which comprises Emergency Descent Mode (EDM) and Electronic Stability and Protection (ESP), and Autoland — has emerged as a key catalyst.
Moreover, a robust flight display and flight deck portfolio havebeen playing crucial roles in shaping the growth trajectory ofGarmin’s aviation business.
Additionally, the company enjoys solid momentum across OEM and after-market customers on the back of its popular aviation solutions.
Hence, the growing endeavors to strengthen the aviation segment will continue to drive Garmin’s topline in the near term.
Zacks Rank & Other Stocks to Consider
Currently, Garmin carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the broader technology sector are Covetrus, Inc. , Trimble Inc. (TRMB - Free Report) and Vishay Intertechnology, Inc. (VSH - Free Report) . All three companies carry a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Long-term earnings growth rates for Covetrus, Trimble and Vishay are currently pegged at 20.1%, 10% and 2.58%, respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>