I’m pretty sure they still are a defence contractor in the US, they also are generally the option for biking computers. There are competitors but Garmin has a chokehold on that sector, with other options just feeling worse.

So while their smart watches are more niche than Apple, Samsung etc, they still have found a solid niche in the smart tracking sector.

They make a lot more than car navigation systems. Their recreational gear and avionics are top of the line.