BROOMFIELD, Colo. - SD Government, a unit of Gogo (NASDAQ:GOGO), secured a multi-year blanket purchase agreement valued at $7.5 million with the National Oceanic and Atmospheric Administration to provide satellite communications for hurricane hunting aircraft, according to a press release statement issued today.
The contract supports NOAA’s Aircraft Operations Center, which operates the Hurricane Hunter fleet including Lockheed Martin WP-3D aircraft. The agreement covers L-Band satellite communications, ground infrastructure, and cybersecurity solutions delivered through Gogo’s data center in Melbourne, Florida. The package includes Gogo’s FlightDeck Freedom cockpit datalink software suite.
The services are scheduled to begin ahead of the 2026 hurricane season. The aircraft provide research data used for storm tracking and forecasting.The contract announcement comes as Gogo shares trade at $3.93, near their 52-week low of $3.81, with the stock down 44% over the past six months. Despite recent pressure, InvestingPro analysis suggests the company is undervalued at its current $531 million market cap. For investors seeking undervalued opportunities, Gogo appears on InvestingPro’s Most Undervalued stocks list.
Ben Massey, Senior Vice President of Government Sales at Gogo, stated the company would support delivery of data from storms to decision-makers using its networks and infrastructure.
SD Government operates as a subsidiary of Gogo, providing satellite connectivity services to military and government customers. The company offers solutions across multiple satellite constellations and frequency bands, including equipment, systems integration, ground networks, and support services.
Gogo trades on the Nasdaq stock exchange under the ticker symbol GOGO.
In other recent news, Gogo Inc. reported its Q1 2026 earnings, posting an earnings per share (EPS) of $0.10, surpassing analyst expectations of $0.06. However, the company’s revenue for the quarter was $226.3 million, falling short of the projected $233.33 million. This mixed performance led to fluctuating investor sentiment. Additionally, Morgan Stanley adjusted its price target for Gogo Inc. to $7.00 from $8.00, while maintaining an Equalweight rating on the stock. The revised price target is based on a 7.5x multiple of the estimated 2027 EBITDA of approximately $208 million. This adjustment reflects a one-turn discount compared to the median multiple since the Satcom Direct merger. These developments highlight recent shifts in Gogo Inc.’s financial outlook and market perception.
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