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. (NASDAQ: GOGO) is a provider of in-flight connectivity services and equipment for business aviation and military/government aviation. This news page aggregates company press releases and other coverage so readers can follow how Gogo develops and deploys its Air-to-Ground (ATG) and satellite-based connectivity solutions.
Recent Gogo news has highlighted progress on its next-generation 5G ATG network for aircraft flying predominantly in North America, including terrestrial and flight testing, validation of performance, and the onboarding of initial customers. Updates also cover the company’s Gogo Galileo LEO satellite offering, with HDX and FDX electronically steered antennas, Supplemental Type Certificates (STCs) for various business jet types, and antenna shipments and activations.
Investors and aviation professionals can also find announcements about Plane Simple Ka-band terminals for aircraft such as the Dassault Falcon 7X and 8X, government contracts awarded to SD Government (SDG) for multi-orbit airborne communications, and milestones in Gogo’s FCC Rip & Replace program as it upgrades its legacy EVDO network to LTE technology. Financial results releases, guidance updates, and information on acquisitions such as Satcom Direct are typically communicated through quarterly earnings news and related materials.
By reviewing the GOGO news feed, readers can monitor developments in Gogo’s connectivity product roadmap, government and business aviation contracts, network testing milestones, and other material events disclosed by the company.
Gogo Business Aviation (NASDAQ: GOGO) has achieved over 1,000 successful AVANCE system updates through its over-the-air (OTA) feature, significantly cutting software upgrade time by 83%. This remote, hands-free process replaces the older USB kit method, facilitating simultaneous updates for all aircraft in a fleet. The AVANCE platform is designed to allow seamless upgrades to new technologies like Gogo Galileo and Gogo 5G. OTA, introduced with AVANCE software update v4.4, is now the fastest-adopted update in Gogo's history. Accessible through the Gogo DASH app and a Gogo Cloudport, the system enhances operational efficiency for Gogo’s global customer base.
Skyservice Business Aviation has announced the establishment of a Gogo AVANCE Center of Excellence at its Calgary, Toronto, and Montreal locations. Starting today, priority bookings are available for the installation of Gogo AVANCE systems on Bombardier Challenger 300 series aircraft ahead of the 2026 network transition to LTE technology. This move aims to enhance inflight connectivity and experience for both flight crew and passengers. Aircraft owners who upgrade from legacy systems to AVANCE can benefit from improved connectivity and rebates ranging from $25,000 to $50,000. Skyservice, a long-term Gogo partner and authorized dealer, has been approved by both TCCA and FAA for these installations.
Gogo Business Aviation (NASDAQ: GOGO) announced a new partnership with ALAMO Engineering GmbH to develop a European Supplemental Type Certificate (STC) for the Gogo Galileo HDX antenna on Cessna Citation Latitude midsize jets. This STC will cover nearly 400 aircraft globally. The HDX system will offer high-performance inflight Wi-Fi, utilizing Eutelsat OneWeb's Low-Earth-Orbit satellite network. Gogo's Galileo HDX system has already been certified for other aircraft types in Europe, with ALAMO Engineering playing a key role in future developments. Gogo is now accepting orders for the new service and will offer in-person demos at EBACE in Geneva.
Gogo Inc. (NASDAQ: GOGO) announced strong Q1 2024 financial results, with total revenue of $104.3 million, a 6% increase year-over-year, and record service revenue of $81.7 million, up 4%. Net income was $30.5 million, a 49% increase from Q1 2023. The company repurchased shares and announced milestones for the Gogo Galileo launch. The 2024 guidance includes revenue of $410-425 million and Free Cash Flow of $20-40 million. Long-term targets project revenue growth of 15-17% from 2023-2028.
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