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Garmin Introduces GTR 200B Radio, Boosts Aviation Business
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Garmin (GRMN - Free Report) subsidiary Garmin International recently unveiled GTR 200B, a communication radio and Bluetooth-equipped intercom for experimental aircraft. The new device is expected to reduce pilots' workload in the cockpit and boost the company’s aviation business.
The GTR 200B Bluetooth-enabled intercom is aimed at adding more capability and connectivity to aircraft operations. Notably, after connecting their electronic devices to GTR 200B, pilots can make calls and listen to audio entertainment.
It features a stereo headset, which comes equipped with a 3D audio processing system to enhance the experience onboard. It aids in differentiating the source of audio and its location on the aircraft.
We believe the new radio and intercom will strengthen the company’s product portfolio.
GTR 200B’s Integration With G3X Touch
GTR 200B’s integration with G3X Touch is expected to give the company a competitive edge and further enhance functionalities in the cockpit. It enables communication radio to receive frequency directly and displays information about the type of frequency and the tower of its origination.
Additionally, the new product boasts a sunlight readable display and in-built shortcuts. The one-touch access shortcut aids the pilot to tune the frequency in emergency, mute the audio and display the saved frequency lists among others.
Moreover, to ease functions for the pilot, switches can be installed on the flight control to conveniently change the frequency from standby to active. Given the product’s slim design, it can be deployed in a variety of aircraft panels.
Garmin is firing on all cylinders in a bid to bolster its aviation segment. Per reports, the International Air Transport Association (IATA) expects aviation industry revenues to reach $885 billion in 2019, up 7.7% year over year.
The company’s two most profitable segments are Aviation and Outdoor. Notably, Aviation segment revenues increased 17.5% year over year in the third quarter, driven by product introductions. Also, gross and operating margins for aviation unit were 76% and 35%, respectively. Meanwhile, gross and operating margins for outdoor units were 65% and 35%, respectively.
Garmin has been making significant investments in the Aviation business. In September 2018, the company acquired Flight Plan LLC (FltPlan), a provider of leading electronic flight planning, scheduling, and trip support services.
Recently, the company also announced the certification of G500H TXi touchscreen flight display. The new display is aimed at enhancing reliability and connectivity in the cockpit. Moreover, pilots are also provided with multiple video input options and night vision goggles (“NVG”), with the new flight display.
With its GTX 335 and 345 families of ADS-B transponders, Garmin is also well positioned to take advantage of the FAA mandated transition to more efficient transponders (air traffic management systems). Transition to the ADS-B transponders must be completed by 2019.
Garmin’s initiatives to expand its portfolio and enhance existing product lines are therefore positive and are expected to drive the top line in the near term.
Zacks Rank & Stocks to Consider
Currently, Garmin carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader computer and technology sector include SS&C Technologies Holdings, Inc. (SSNC - Free Report) , Twitter, Inc. and Cloudera, Inc. . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
Expected long-term earnings growth rate for SS&C, Twitter and Cloudera is 13.5%, 22.1% and 8%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Garmin Introduces GTR 200B Radio, Boosts Aviation Business
Garmin (GRMN - Free Report) subsidiary Garmin International recently unveiled GTR 200B, a communication radio and Bluetooth-equipped intercom for experimental aircraft. The new device is expected to reduce pilots' workload in the cockpit and boost the company’s aviation business.
The GTR 200B Bluetooth-enabled intercom is aimed at adding more capability and connectivity to aircraft operations. Notably, after connecting their electronic devices to GTR 200B, pilots can make calls and listen to audio entertainment.
It features a stereo headset, which comes equipped with a 3D audio processing system to enhance the experience onboard. It aids in differentiating the source of audio and its location on the aircraft.
We believe the new radio and intercom will strengthen the company’s product portfolio.
GTR 200B’s Integration With G3X Touch
GTR 200B’s integration with G3X Touch is expected to give the company a competitive edge and further enhance functionalities in the cockpit. It enables communication radio to receive frequency directly and displays information about the type of frequency and the tower of its origination.
Additionally, the new product boasts a sunlight readable display and in-built shortcuts. The one-touch access shortcut aids the pilot to tune the frequency in emergency, mute the audio and display the saved frequency lists among others.
Moreover, to ease functions for the pilot, switches can be installed on the flight control to conveniently change the frequency from standby to active. Given the product’s slim design, it can be deployed in a variety of aircraft panels.
Garmin Ltd. Price and Consensus
Garmin Ltd. Price and Consensus | Garmin Ltd. Quote
Garmin Rides on Aviation Segment
Garmin is firing on all cylinders in a bid to bolster its aviation segment. Per reports, the International Air Transport Association (IATA) expects aviation industry revenues to reach $885 billion in 2019, up 7.7% year over year.
The company’s two most profitable segments are Aviation and Outdoor. Notably, Aviation segment revenues increased 17.5% year over year in the third quarter, driven by product introductions. Also, gross and operating margins for aviation unit were 76% and 35%, respectively. Meanwhile, gross and operating margins for outdoor units were 65% and 35%, respectively.
Garmin has been making significant investments in the Aviation business. In September 2018, the company acquired Flight Plan LLC (FltPlan), a provider of leading electronic flight planning, scheduling, and trip support services.
Recently, the company also announced the certification of G500H TXi touchscreen flight display. The new display is aimed at enhancing reliability and connectivity in the cockpit. Moreover, pilots are also provided with multiple video input options and night vision goggles (“NVG”), with the new flight display.
With its GTX 335 and 345 families of ADS-B transponders, Garmin is also well positioned to take advantage of the FAA mandated transition to more efficient transponders (air traffic management systems). Transition to the ADS-B transponders must be completed by 2019.
Garmin’s initiatives to expand its portfolio and enhance existing product lines are therefore positive and are expected to drive the top line in the near term.
Zacks Rank & Stocks to Consider
Currently, Garmin carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader computer and technology sector include SS&C Technologies Holdings, Inc. (SSNC - Free Report) , Twitter, Inc. and Cloudera, Inc. . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
Expected long-term earnings growth rate for SS&C, Twitter and Cloudera is 13.5%, 22.1% and 8%, respectively.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>