How Gogo Inc Shares Jumped 12% Today

Shares of in-flight networking specialist Gogo (NASDAQ: GOGO) jumped as much as 12.2% higher on Thursday, reaching that peak at 1:25 p.m. EST. Investors can thank another large customer contract for this boost.

This morning, Gogo announced a new installation deal for its 2Ku wireless broadband platform. Hong Kong-based airline Cathay Pacific will install Gogo's networking service across a fleet of 148 wide-body airliners serving roughly 3 million passengers a month. The companies hope to have the Gogo service up and running by the middle of 2018.

Image source: Getty Images.

Source: Fool.com