Gogo Inc. (NASDAQ: GOGO) shares are experiencing an upward trajectory in today’s market, marking a 4.92% increase to $9.81 in the latest pre-market session assessment. Contrastingly, the preceding trading session witnessed a 3.31% decline, closing Friday at $9.35 for GOGO stock. Despite the absence of discernible news, the surge in GOGO stock appears to be correlated with recent corporate advancements.
The 5G initiative by Gogo Business Aviation (GOGO) is making notable progress, achieving a significant milestone as the new AVANCE LX5 secures Supplemental Type Certification (STC) and Parts Manufacturer Approval (PMA) from the Federal Aviation Administration (FAA).
Attaining official endorsement from the FAA for the production and manufacturing of the AVANCE LX5 Line Replaceable Unit (LRU) underscores Gogo’s unwavering commitment to the impending launch of Gogo 5G. The LX5, constructed on the AVANCE platform as a more compact, single-box alternative, aims to facilitate the installation of Gogo 5G, enhancing convenience for customers.
The inaugural STC for the onboard 5G system was successfully executed by Duncan Aviation’s Engineering & Certifications Services team on a Citation Excel aircraft. Gogo’s dealer network and Original Equipment Manufacturer (OEM) partners are actively pursuing various STCs to validate the Gogo AVANCE LX5 system’s installation across diverse business aircraft models.
Once the 5G chip becomes available, a minor STC modification will be requisite before the commencement of LX5 installations for customers. Projections for Gogo 5G anticipate an average speed of approximately 25 Mbps, with peak speeds ranging between 75-80 Mbps, surpassing competing geosynchronous (GEO) satellite or air-to-ground (ATG) solutions.
Deliberately engineered for high throughput and minimal latency, Gogo 5G aims to fulfill the escalating demand for data-intensive services and forthcoming applications. The LX5 was meticulously designed with identical form factors and connections as the L5, streamlining the installation process.
Customers can proactively prepare for Gogo 5G by incorporating multi-band (MB13) 5G antennas and an AVANCE L5 LRU. The L5 system will operate on the Gogo Biz 4G network until the anticipated launch of Gogo 5G in the third quarter of 2024. Subsequently, eligible customers can seamlessly transition to the LX5, offered as a complimentary replacement for their existing L5 LRU.
