Gogo Inc. (GOGO) Balances Military Wins With Market Challenges
Gogo Inc. (NASDAQ:GOGO) is one of the best high-return penny stocks to buy right now. On February 2, Gogo (NASDAQ:GOGO) confirmed its unit, SD Government SDG, has secured a T-1 certification from the US Air Force Air Mobility Command. The certification is for the company’s Roll-on/Roll-off Beyond Line of Sight communications capability for C-130 aircraft.
The certified Tactical Removable Airborne Satellite Communications (TRASC) system is designed to replace the existing C-130 forward escape hatch. Likewise, it can be installed in under 30 minutes, enabling rapid deployment of global broadband capability. The system is compatible with C-130 variants.
The certification paves the way for implementing the system in other military commands and with partner nations, thereby expanding the target market.
“This capability instantaneously brings all C-130 variants into the modern age of high-throughput Beyond-Line-of-Sight communications,” said Hayden Olson, Executive Vice President of SDG.
Meanwhile, on January 27, Moody’s Ratings downgraded Gogo’s rating to B2 from B1 due to competitive pressure in the jet connectivity market. The company is transitioning to a multi-orbit, multi-band connectivity provider following the acquisition of Satcom Direct.
Gogo Inc. (NASDAQ:GOGO) is a leading provider of broadband, in-flight connectivity, and wireless entertainment services for the business aviation market. It delivers high-speed internet, voice, and data services to private jets and corporate aircraft using a proprietary air-to-ground (ATG) network and satellite technologies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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