Gogo Galileo FDX antenna cleared by FAA for production

BOULDER, CO - Gogo Inc. (NASDAQ: GOGO), a leading provider of in-flight connectivity and entertainment solutions with a market capitalization of nearly $1 billion and impressive gross profit margins of 63%, has secured Parts Manufacturer Approval (PMA) from the Federal Aviation Administration (FAA) for its Gogo Galileo FDX antenna. According to InvestingPro data, the company maintains strong financial health with a current ratio of 1.77, indicating solid operational stability. This approval propels the company towards the commencement of full-scale production and sales of the advanced electronically steered antenna (ESA), specifically designed for business aviation.

The Gogo Galileo FDX ESA is engineered to harness the capabilities of the Eutelsat OneWeb low-earth orbit (LEO) satellite constellation, offering high-speed broadband with download speeds up to 195Mbps and upload speeds of 32Mbps. This innovation comes as the company demonstrates robust revenue growth of 11.85% over the last twelve months, reflecting its market leadership position. For detailed analysis and additional insights, investors can access comprehensive research reports on InvestingPro, which covers over 1,400 US stocks including Gogo. The system is tailored to accommodate the connectivity needs of super-midsize and larger aircraft, enabling multiple passengers to use various devices simultaneously without compromising performance.

Following the PMA, Gogo’s global dealer network is actively working on generating Supplemental Type Certificate (STC) for the installation of the antenna on various aircraft types. The FDX antenna, which can be installed on new aircraft or as part of cabin upgrades, is noted for its simple cabling and minimal installation requirements, leading to reduced downtime for aircraft.

Gogo’s CEO, Chris Moore, emphasized that the PMA for the Galileo FDX antenna underscores the company’s dedication to expanding connectivity options for a broad range of aircraft owners and operators. Moore highlighted the antenna’s futureproof design, which is optimized for seamless satellite switching, ensuring consistent and uninterrupted service.

The commercial service introduction of the Gogo Galileo FDX ESA is anticipated in late 2025. Interested parties can track the progress of the STC generation for various aircraft models on the Gogo Galileo STC status page. Based on InvestingPro analysis, analysts expect continued growth in net income this year, though investors should note the stock currently trades at a relatively high P/E ratio of 69.3. The company’s next earnings report is scheduled for May 9, 2025, which could provide further insights into the project’s progress.

This development is part of Gogo’s ongoing efforts to provide cutting-edge connectivity solutions for the business aviation market. The company’s achievement of the PMA for the Galileo FDX antenna comes shortly after a similar milestone for its HDX antenna, further demonstrating its commitment to enhancing in-flight experiences with high-speed, reliable internet access.

The information in this article is based on a press release statement from Gogo Business Aviation Ltd.

In other recent news, Gogo Inc. reported its Q4 2024 earnings, revealing a significant miss on earnings per share (EPS) with a loss of $0.22, in contrast to the anticipated gain of $0.0567. However, the company’s revenue reached $137.8 million, surpassing expectations of $97.28 million, marking a substantial 41% year-over-year increase. The company also provided a revenue guidance for 2025, projecting between $870 million and $910 million. In terms of strategic developments, Gogo secured Federal Aviation Administration (FAA) approval for its Plane Simple® Ka-band tail mount terminal on Gulfstream GV and G550 aircraft, enhancing its in-flight connectivity offerings.

Additionally, Gogo revised the employment agreement of its Executive Chairman, Oakleigh Thorne, detailing changes to his compensation and tenure, effective January 1, 2025. The company also announced its strategic initiatives, including a focus on expanding its market share in business aviation and military/government sectors. Analyst insights from firms like Raymond James and Associates and William Blair have highlighted Gogo’s competitive positioning and its multi-orbit connectivity strategy as key factors for future growth. These recent developments underscore Gogo’s commitment to advancing its technological capabilities and strengthening its market position in the aviation connectivity industry.

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