Gogo signs $170M antenna supply deal with Hughes for LEO satellite broadband service

Gogo Inc.

Gogo Business Aviation and Hughes Network Systems enter into supply agreement for airborne antennas for LEO satellite network.
Gogo commits to purchase approximately $170 million in antennas over seven years starting end of 2024.
Hughes granted exclusivity in Gogo's primary target market during the seven-year period.
Global broadband service expected to launch in 2025; company expects significant revenue and FCF acceleration.
Agreement term of ten years with auto-renewal.

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