Gogo Inc Stock Price, News & Analysis

Gogo (NASDAQ: GOGO) has achieved a significant milestone with the Federal Aviation Administration (FAA) granting Parts Manufacturer Approval (PMA) for its Gogo Galileo HDX antenna. This approval, administered through Delta Engineering's FAA Organization Designation Authorization, enables Gogo to commence full-scale production and sales of the HDX system.

The electronically steered antenna (ESA) is specifically designed for business aviation, offering high-speed broadband connectivity up to 60Mbps through the Eutelsat OneWeb Low Earth Orbit satellite constellation. The system supports installations across more than thirty aircraft types, from small to heavy jets, executive airliners, and turboprops.

The HDX antenna features streamlined installation capabilities and can be either equipped on new aircraft or retrofitted during cabin upgrades. This development particularly benefits smaller cabin operators who can now access the same high-speed connectivity options previously available only to larger jets.

Gogo Inc (NASDAQ: GOGO), the leading global provider of broadband connectivity services for the business aviation market, has announced it will release its fourth quarter and full year 2024 financial results on March 14, 2025, before market opens.

The company has filed a 12b-25 Notice of Late Filing with the SEC, indicating it will not meet the March 3 deadline for filing its 2024 Form 10-K. This delay is attributed to the need for additional time to harmonize financial statements following the Satcom Direct acquisition. The company has been granted a 15-day extension to file the Form 10-K.

A conference call with financial analysts is scheduled for March 14, 2025, at 8:30 a.m. (ET), with both live webcast and replay options available on the company's investor website.

Gogo Business Aviation has unveiled its new brand identity following the acquisition of Satcom Direct. The unified company will simply be known as Gogo, combining the Gogo name with Satcom Direct's signature blue color. The rebranding reflects the company's mission to become the world's only multi-orbit, multi-band connectivity provider for business and military aviation customers.

Under the leadership of CEO Chris Moore, the company aims to provide seamless connectivity solutions for all aircraft sizes through a single source. The military/government division will maintain the SD Government brand, and the SD Data Center in Melbourne, FL will retain its name to preserve market familiarity. The new branding will be gradually implemented across all product platforms and marketing materials.

Gogo Business Aviation (NASDAQ: GOGO) | Satcom Direct has renewed its three-year preferred supplier agreement with Luxaviation Group for global connectivity solutions. The new agreement expands upon their initial 2021 partnership, now including access to Gogo Galileo phased array antennas and North American Air-to-Ground connectivity network.

The deal provides Luxaviation customers with access to SD's hardware, including the SD Plane Simple terminal series, Software-as-a-Service applications, and 24/7/365 customer support. Customers will also benefit from connectivity supported by Gogo Galileo half-duplex, HDX, and full-duplex FDX phased array terminals.

Gogo|Satcom Direct offers multi-orbit connectivity through partnerships with major satellite operators including Intelsat, Viasat, and Eutelsat OneWeb, providing primary, backup, or supplemental service through GEO, LEO, or ATG technologies.

Gogo Business Aviation (NASDAQ: GOGO) has announced a Memorandum of Understanding (MoU) with Airbus to enhance connectivity solutions for Airbus Corporate Jets (ACJ) operators. The partnership will integrate Gogo's Air-to-Ground (ATG) and Galileo satellite connectivity solutions into Airbus' ACJ Connect Link platform.

The agreement includes retrofit options for ATG and Gogo Galileo Half Duplex (HDX) and Full Duplex (FDX) terminals across all ACJ types. The service will be powered by the Eutelsat OneWeb Low Earth Orbit constellation and includes Gogo's next-gen phased array antennas. The package offers comprehensive features including cybersecurity services, crew training, and 24/7/365 customer support.

Once certified and following final contract signature, Airbus will lead marketing and sales activities. The solution aims to provide ACJ operators with global, low-latency broadband service supporting various applications from internet and email to video conferencing and streaming services.

Gogo Inc. (NASDAQ: GOGO) has completed its acquisition of Satcom Direct (SD) for $375 million in cash and 5 million shares, with potential additional payments of up to $225 million based on performance thresholds. The transaction was funded with $250 million of debt and $150 million cash.

The deal creates the only multi-orbit, multi-band, in-flight connectivity provider serving business aviation and military/government markets. The company achieves immediate $18 million annual recurring cost savings, with expected total synergies of $25-30 million within two years.

Leadership changes include Chris Moore appointed as CEO, succeeding Oakleigh Thorne who becomes Executive Chair. The combined company expects 2024 pro forma revenue of $890 million, with Adjusted EBITDA Margin of 24% and Free Cash Flow exceeding $100 million.

Gogo Business Aviation announced that its Gogo Galileo HDX electronically steerable antenna (ESA) has passed FAA-mandated DO-160 qualification testing. The antenna, designed for business aircraft to access LEO satellite networks, can achieve peak speeds of 60 Mbps. The company plans to launch Gogo Galileo FDX in Q2 2025, offering speeds up to 200 Mbps for larger aircraft. Dealers have contracted 27 STCs covering over 18,000 aircraft globally. The system will connect to Eutelsat OneWeb LEO satellite network and is designed as an upgrade to existing AVANCE systems.

Wheels Up has agreed to install Gogo Galileo HDX, a Low Earth Orbit (LEO) global broadband satellite solution, across its entire fleet. The installation is set to begin by mid-2025, pending aircraft certifications. Gogo Galileo HDX is designed to provide fast, low-latency inflight Wi-Fi, with expected peak speeds of up to 60 Mbps and mean speeds of 57 Mbps.

The system is compatible with any size business aircraft and can be easily upgraded from existing AVANCE systems. Gogo has been flight testing the system on a Challenger 300 with positive results. The service, backed by Eutelsat OneWeb's LEO network, is scheduled to launch later this year, promising consistent performance globally.

Gogo Business Aviation announced that Textron Aviation will install Gogo's global Low-Earth-Orbit (LEO) solution, Gogo Galileo HDX, as a factory option for the Cessna Citation Longitude, Citation Latitude and Citation Ascend business jets. Textron Aviation is the first business aviation OEM to offer Gogo Galileo HDX from the factory, providing a global connectivity solution with market-leading performance for its operators.

Gogo Galileo is built on Gogo's AVANCE platform with a fuselage-mounted HDX antenna, designed to be small enough for business jets. The system is more affordable and easier to install and operate than other satellite systems. Gogo Galileo HDX is expected to launch commercially in the fourth quarter of 2024, with Textron Aviation's integration of the HDX antenna in progress for all three Citations.