Gogo Inc. has received new supplemental type certificates for its Galileo FDX antenna system, enhancing connectivity options across various aircraft, which could drive growth in the aviation industry.
- Gogo Inc. secured new Supplemental type certificates for its Galileo FDX antenna system, allowing for expanded installation across the Bombardier Challenger 600 series and other aircraft types.
- The company, based in Broomfield, CO, reported a significant revenue growth of 73% in the last twelve months, with current stock trading at $8.89, deemed undervalued.
- The National Business Aviation Association and the European Space Agency are key stakeholders in the aviation sector, which may influence the adoption of Gogos advanced connectivity solutions.
Why It Matters
This development is crucial as enhanced connectivity options can significantly improve in-flight experiences, potentially influencing passenger satisfaction and operational efficiency in the aviation industry.