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BROOMFIELD, Colorado - Gogo Inc. (NASDAQ:GOGO), the $1.17 billion market cap aviation connectivity provider with projected sales growth for the current year according to InvestingPro, announced Monday that the Federal Aviation Administration has issued the first Supplemental Type Certificate for its Galileo FDX terminal, covering Boeing Business Jets including 737NG-based BBJ1, BBJ2, and BBJ MAX models.
The STC, developed by ALOFT AeroArchitects, has already enabled an initial installation on an undisclosed customer’s Boeing BBJ 737-700IGW aircraft that previously lacked connectivity. The installation also includes Gogo’s FlightDeck Freedom datalink service to support crew operations.
"This first FDX STC marks another major milestone as we strive to deliver multi-orbit, multi-band connectivity for all types of aircraft," said Chris Moore, CEO of Gogo, in a press release statement.
The Galileo FDX terminal utilizes Eutelsat OneWeb’s low-earth orbit satellite constellation to provide global broadband connectivity with speeds up to 195Mbps download and 32Mbps upload. The system is designed specifically for business aviation and optimized for super-midsize, long-range and executive airliner aircraft.
Scott Meyer, CEO of ALOFT, noted that despite being their first installation, the terminal was "straightforward to fit" and meets their customer’s needs for secure, global connectivity.
The terminal comprises just two line-replaceable units: a full-duplex flat-panel electronically steered antenna and either an SDR Gateway or AVANCE router platform. This configuration minimizes installation invasiveness and reduces aircraft downtime. With revenue of $694.67 million in the last twelve months and a healthy current ratio of 1.71, Gogo maintains strong operational capabilities for product deployment.
Gogo expects European Aviation Safety Agency approval to follow later in 2025. The company indicates this variant can support approximately 200 Boeing BBJ 737s in the global fleet that regularly fly international routes. According to InvestingPro analysis, Gogo is currently trading below its Fair Value, with analysts forecasting 104% revenue growth for fiscal year 2025. For detailed insights and additional analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Gogo Inc. has made significant strides in its technological advancements and regulatory approvals. The company announced that its Plane Simple Ka-band tail mount antenna system has received European Union Aviation Safety Agency (EASA) certification for Dassault Falcon 7X and 8X aircraft, marking a milestone in international aviation connectivity. Additionally, Gogo is in the final phases of terrestrial testing for its 5G in-flight connectivity technology, reporting peak speeds of up to 80 Mbps, which exceed anticipated performance metrics.
Further, EASA has approved the Supplemental Type Certificate for Gogo’s Galileo HDX Antenna for Bombardier Global jets, developed in collaboration with QCM Design and ACC Columbia Jet Service. In the United States, Gogo’s Galileo HDX terminal has received Federal Aviation Administration certification for the Dassault Falcon 2000 aircraft family, broadening its applicability across multiple Falcon 2000 variants. On the financial front, Morgan Stanley has resumed coverage of Gogo with an Equalweight rating and a $15.00 price target, highlighting the company’s ongoing product launches and integration efforts following its acquisition of Satcom Direct.
These developments indicate Gogo’s active role in enhancing in-flight connectivity solutions and expanding its market reach through strategic certifications and collaborations.
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