Welcome to our dedicated page for Gogo news (Ticker: GOGO), a resource for investors and traders seeking the latest updates and insights on Gogo stock.
Gogo Inc. reports developments tied to broadband connectivity services for business aviation and military/government aviation markets. Company updates commonly cover service revenue from connectivity subscriptions and usage, equipment revenue from air-to-ground and satellite systems, and the integration of Satcom Direct following the completed acquisition in December 2024.
Recurring news also includes product and network milestones for Gogo Galileo low-Earth-orbit satellite service, 5G air-to-ground connectivity, AVANCE and C-1 equipment, and the LTE upgrade of legacy ATG infrastructure. Announcements frequently address aircraft supplemental type certificates, fleet installations, government aviation certifications, customer deployments, debt reduction, and financial guidance.
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.
Skyservice Business Aviation has announced plans to develop a Supplemental Type Certificate (STC) for implementing Gogo Galileo HDX on Gulfstream G280 aircraft. This initiative aims to provide operators with access to the latest high-speed in-flight internet solutions. Gogo Galileo, developed by Gogo Business Aviation (NASDAQ: GOGO), will offer global, high-speed in-flight internet and low-latency performance for various business aircraft sizes.
The STC will cover the Gulfstream G280, a popular super-midsize business jet with approximately 240 aircraft in operation worldwide. It is expected to be validated by multiple aviation authorities, including TCCA, FAA, EASA, ANAC, and UK/CAA. Installations are planned for Q1 2025, with a special promotional rebate of $25,000 available for current Gogo customers upgrading from legacy systems.
Gogo Inc. (NASDAQ: GOGO), a leading global provider of broadband connectivity services for the business aviation market, has announced that it will release its financial results for the third quarter of 2024 before the market opens on November 5, 2024. The company will host a conference call with financial analysts on the same day at 8:30 a.m. (ET).
A live webcast of the conference call, as well as a replay, will be available on the Investor Relations section of the company's investor website at https://ir.gogoair.com/. Gogo has provided links for the 3Q Earnings Call Webcast and for participants to retrieve their unique conference ID to access the call.
Gogo Business Aviation (NASDAQ: GOGO) is launching a nationwide tour to showcase its Gogo Galileo experience, a Low-Earth-Orbit (LEO) satellite broadband solution for business aircraft. The mobile demo room will allow industry professionals to test the high-speed, low-latency inflight connectivity solution with both HDX and FDX antenna configurations.
Participants can trial the inflight internet experience using their own devices, engaging in activities like video conferencing and streaming, simulating the experience at 40,000 feet. The tour will debut at the National Business Aviation Association (NBAA) Convention & Exhibition in Las Vegas from Oct. 22-24, 2024, and continue across the country through early March, with stops at FBOs and airports.
Gogo Business Aviation (NASDAQ: GOGO) is experiencing unprecedented demand for its new global broadband Low-Earth-Orbit (LEO) satellite service, Gogo Galileo HDX. The demand surpasses that of Gogo AVANCE L5, launched in 2017. Gogo's dealer network has contracted for 27 Supplemental Type Certificates (STCs), opening up a market of over 18,000 aircraft globally.
Flight tests on a Challenger 300 are progressing as planned. Gogo continues to accept purchase orders for HDX, which is designed as an easy upgrade to any AVANCE system. The service, backed by Eutelsat OneWeb's LEO network, is scheduled to launch later this year. A special promotional rebate of $25,000 is available for a time to current Gogo customers operating legacy air-to-ground systems when installing AVANCE SCS and HDX.
Gogo Inc. (NASDAQ: GOGO) has announced a definitive agreement to acquire Satcom Direct for $375 million in cash, 5 million Gogo shares, and up to $225 million in performance-based payments. This acquisition will create the only multi-orbit, multi-band, global in-flight connectivity provider serving the business aviation and military/government mobility markets. Key highlights include:
- Satcom Direct's expected 2024 revenue of $485 million with 17% EBITDA margins
- Combined 2024 pro forma revenue of $890 million with 24% adjusted EBITDA margin
- Anticipated $25-30 million annual run-rate cost synergies
- Expansion into international markets and military/government sectors
- Integration of LEO-GEO-ATG product lines for comprehensive market coverage
The transaction is expected to close by the end of 2024, subject to regulatory approvals and customary closing conditions.