Gogo Secures 25 STC Contracts for Gogo Galileo HDX
Rhea-AI Summary
Gogo Business Aviation has secured 25 Supplemental Type Certificate (STC) contracts for its Gogo Galileo HDX system, covering a wide range of business aircraft makes and models. This development unlocks a total addressable market of over 18,000 aircraft globally, many of which previously lacked access to broadband inflight connectivity.
The STCs, supported by Gogo's extensive dealer network in North America, Europe, and South America, will be completed in 2025. They cover aircraft ranging from super-light jets to ultra-long-range large-cabin aircraft, including models from Bombardier, Embraer, Gulfstream, HondaJet, Textron, and others.
Gogo Galileo HDX offers peak speeds up to 60 Mbps, with mean speeds close to 57 Mbps. The service, set to launch later this year, utilizes Eutelsat OneWeb's Low-Earth-Orbit network for consistent global performance. Gogo is offering a -time $25,000 rebate for current customers upgrading from legacy air-to-ground systems to AVANCE SCS and HDX.
Positive
- Secured 25 STC contracts for Gogo Galileo HDX, covering a wide range of business aircraft
- Unlocks a total addressable market of over 18,000 aircraft globally
- Offers peak speeds up to 60 Mbps and mean speeds of 57 Mbps
- Backed by Eutelsat OneWeb's enterprise-grade Low-Earth-Orbit network for global coverage
- $25,000 promotional rebate available for customers upgrading from legacy systems
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, GOGO gained 4.08%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Gogo's Global Dealer Network to Develop STCs Covering Virtually Every Business Aircraft Make and Model
The STCs cover virtually every size business aircraft and unlock a total addressable market of more than 18,000 aircraft globally, many of which have not had access to broadband inflight connectivity prior to Gogo Galileo.
The STCs are supported by Gogo's extensive dealer network in
The airframes include:
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Gogo anticipates the STC portfolio will continue to grow in the coming weeks. Gogo is also in discussions with all of the business aviation aircraft manufacturers for aftermarket STCs and service bulletins.
"The exceptional response from our dealer network is a testament to the strong demand for Gogo Galileo in the industry," said Sergio Aguirre, president and chief operating officer for Gogo. "Gogo customers now have access to true aviation-grade broadband connectivity regardless of the size of aircraft they operate or where they fly."
The HDX antenna is designed with a small form factor to fit on any size business aircraft with peak speeds up to 60 Mbps, and mean speeds very close to peak at 57 Mbps.
The highly anticipated service, scheduled to launch later this year, is backed by Eutelsat OneWeb's enterprise-grade Low-Earth-Orbit network. Designed for mobility, the network will deliver low variability and consistent performance across all routes globally.
Gogo is now accepting purchase orders for the HDX, which is designed to be an easy upgrade to any AVANCE system (AVANCE L3, L5, LX5, SCS).
A special promotional rebate of
About Gogo
Gogo is the world's largest provider of broadband connectivity services for the business aviation market. We offer a customizable suite of smart cabin systems for highly integrated connectivity, inflight entertainment, and voice solutions. Gogo's products and services are installed on thousands of business aircraft of all sizes and mission types from turboprops to the largest global jets, and are utilized by the largest fractional ownership operators, charter operators, corporate flight departments and individuals.
As of June 30, 2024, Gogo reported 7,031 business aircraft flying with its broadband ATG systems onboard, 4,215 of which are flying with a Gogo AVANCE L5 or L3 system; and 4,247 aircraft with narrowband satellite connectivity installed. Connect with us at www.gogoair.com.
Cautionary Note Regarding Forward-Looking Statements
Certain disclosures in this press release include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our business outlook, industry, business strategy, plans, goals and expectations concerning our market position, international expansion, future technologies, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources, and other financial and operating information. When used in this discussion, the words "anticipate," "assume," "believe," "budget," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "future" and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this press release.
Forward-looking statements are based on our current expectations regarding future events, results or outcomes, including the launch of Gogo Galileo LEO global broadband service ("Global Broadband") and Gogo 5G. These expectations may or may not be realized. Although we believe the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, our ability to develop and deploy Global Broadband and Gogo 5G; our ability to deliver the expected performance capabilities of any new technology, including, without limitation, Global Broadband and Gogo 5G; and other events beyond our control that may result in unexpected adverse operating results.
Additional information concerning these and other factors can be found under the caption "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission on February 28, 2024 and in subsequent quarterly reports on Form 10-Q as filed with the SEC.
Any one of these factors or a combination of these factors could materially affect our financial condition or future results of operations and could influence whether any forward-looking statements contained in this report ultimately prove to be accurate. Our forward-looking statements are not guarantees of future performance, and you should not place undue reliance on them. All forward-looking statements speak only as of the date made and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Gogo Business Aviation
FAQ
What is the total addressable market for Gogo Galileo HDX according to the press release?
When are the STCs for Gogo Galileo HDX expected to be completed?
What are the peak and mean speeds offered by Gogo Galileo HDX?
What promotional offer is Gogo (GOGO) providing for customers upgrading to Galileo HDX?
