Gogo Inc. (GOGO) shares are soaring 5.05% in pre-market trading on Wednesday following the announcement of a significant milestone in its aviation connectivity technology. The company has received Supplemental Type Certificate (STC) approval from the Federal Aviation Administration (FAA) for its Plane Simple Ka-band tail mount terminal for Gulfstream GV and Gulfstream G550 aircraft.

The STC approval, developed in collaboration with Gulfstream Aerospace Corp., expands Gogo's portfolio of certified aircraft for its advanced connectivity solutions. This latest certification adds to the existing approvals for Gulfstream G650 and G650ER aircraft, further solidifying Gogo's position in the business aviation connectivity market. The Ka-band hardware is now available for installation through authorized Gulfstream and Jet Aviation service centers, opening up new opportunities for enhanced in-flight connectivity on these popular business jet models.

Chris Moore, CEO of Gogo, emphasized the significance of this development, stating, "The latest STC in our growing portfolio gives Gulfstream GV and G550 owners and operators access to more speed, more data, and more service plan flexibility." He also highlighted the forward compatibility with Viasat's next-generation GX satellites, suggesting long-term benefits for operators. This strategic move not only enhances Gogo's current offerings but also positions the company for future growth in the evolving connectivity landscape, likely contributing to investors' positive sentiment reflected in the stock's pre-market surge.