By Anvee Bhutani
Shares of Gogo climbed after the in-flight connectivity provider said the Federal Aviation Administration approved installation of its Galileo HDX connectivity system on Gulfstream Aerospace's G650 and G650ER aircraft.
The stock gained 14%, to $3.54, midday Wednesday but has fallen about 24% this year.
The FAA issued a Supplemental Type Certificate allowing General Dynamics-unit Gulfstream to install Gogo's Galileo HDX system on the large-cabin business jets, the company said.
The HDX system is an electronically steered antenna designed to provide compact, low-power, high-speed connectivity for business aviation customers. The system enables high-speed internet access for activities including video conferencing, streaming, and browsing across multiple devices.
Gogo Chief Executive Chris Moore said the addition of Galileo HDX as an aftermarket option for the G650 and G650ER reflects rising demand for high-speed in-flight connectivity among operators.
Write to Anvee Bhutani at anvee.bhutani@wsj.com