Garmin Certifies Flight Displays, Boosts Aviation Business
Zacks Investment Research | Jan 03, 2019 08:49PM ET
Garmin (NASDAQ:GRMN) subsidiary Garmin International recently announced the certification of G500H TXi touchscreen flight display that will boost its aviation business. The new flight display is exclusively designed for normal visual flight rule (“VFR”) helicopters that are already equipped with the G500H flight display, which makes it a lucrative upgrade.
Along with the certification, the company also received approval for the latest GTN 650/750 software for helicopters. The new software will enable G500H TXi flight display to connect to the navigator and enhance reliability in the cockpit. Moreover, it provides the helicopter operators with a smooth touchscreen continuity in the cockpit.
We believe Garmin is poised to benefit from the new flight display, which adds more capability and connectivity in the helicopter operations. Further, it also strengthens the company’s product portfolio. Notably, Aviation segment revenues increased 17.5% year over year in the third quarter, driven by new product introductions.
Coming to price performance, shares of Garmin have increased 1.9% over a period of one year, against the Zacks Investment Research
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