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Why Gogo Stock Flew Higher

TheMotleyFool

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Shares of Gogo (NASDAQ: GOGO) have flown higher today, up by 12% as of 1 p.m. EDT, after the company announced a significant operational milestone. The in-flight internet provider said that it has completed installation of its AVANCE L5 system on 1,000 business jets.

Gogo has achieved the milestone less than three years after the very first L5 installation. The company is also approaching 450 installations of its AVANCE L3 offering, bringing total installations on business jets to approximately 1,500. AVANCE L5 provides 4G network speeds while AVANCE L3 offers 3G speeds.

Image source: Gogo.

Source Fool.com

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