Gogo Inc. (GOGO) in Chicago, provides broadband connectivity services to the aviation industry in the United States and internationally. It operates through Commercial Aviation North America (CA-NA), Commercial Aviation Rest of World (CA-ROW), and Business Aviation (BA) segments. GOGO shares have gained 87.3% in price over the past year and 28.5% over the past six months. The stock has gained 47.6% year-to-date to close the last session at $19.97. The stock has been surging in price on the company’s progress with its 5G deployments and its inclusion in the S&P SmallCap 600 Index.
In January, GOGO announced the completion of its seven-tower 5G testbed as part of the deployment of its nationwide 5G Air-to-Ground (ATG) network. It is working with Airspan Networks Inc., a subsidiary of Airspan Network Holdings Inc. (MIMO), a software and hardware provider for 5G network solutions. GOGO plans for the rapid deployment of additional sites throughout the first half of 2022 and to launch its 5G ATG network in the second half of the year, leverage MIMO’s advanced 5G solutions. However, a North Carolina competitor has filed a patent infringement lawsuit against the company, hindering its 5G service rollout. GOGO denies violating the company’s patents.
