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How Gogo Inc Shares Jumped 12% Today

TheMotleyFool

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How Gogo Inc Shares Jumped 12% TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

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