Gogo Expands Board with Retired General Mike Minihan, Raises Average Target Price to $16.50

Gogo (GOGO) has expanded its board of directors with the addition of retired General Mike Minihan. The average target price for GOGO is $16.50, with a potential upside of 4.70% from the current price. The company reported a strong first quarter with revenue exceeding expectations, driven by higher-than-anticipated service revenues and early synergy realization. However, there was a modest decline in air-to-ground AOL due to maintenance suspensions on older aircraft.

BROOMFIELD, Colo., July 2, 2025 -- Gogo Inc. (NASDAQ: GOGO) has announced the appointment of retired General Mike Minihan to its board of directors, effective July 2, 2025. The addition of General Minihan expands the board from eight to nine directors [1].

General Minihan, a retired four-star general in the United States Air Force, brings extensive experience in global air operations and connectivity strategies. He served as Commander, Air Mobility Command, leading over 110,000 Airmen and a fleet of 1,100 aircraft executing global missions [1]. His appointment follows Gogo's acquisition of Satcom Direct, which has enabled the company to leverage its business aviation investments across a broader customer base, including the military and government sectors [1].

CEO Oakleigh Thorne highlighted the significance of General Minihan's appointment, stating, "His unparalleled experience in global air operations and connectivity strategy will be instrumental as we grow our military and government segment to reach new heights" [1]. General Minihan expressed his enthusiasm for contributing to Gogo's innovative connectivity solutions that support defense operations, emphasizing the importance of secure connectivity for mission success [1].

The appointment of General Minihan is expected to strengthen Gogo's leadership and strategy in the military and government market, following its acquisition of Satcom Direct. His addition to the board is seen as a strategic move to enhance Gogo's offerings and diversify its revenue streams within the military and government sectors [2].

While the appointment of General Minihan brings significant expertise to the board, it also raises potential concerns regarding governance. The expansion of the board to nine members could lead to challenges in decision-making processes or conflicts of interest. Additionally, General Minihan's extensive commitments to other private companies and organizations may raise questions about his availability and focus on Gogo's strategic direction [2].

Gogo reported a strong first quarter with revenue exceeding expectations, driven by higher-than-anticipated service revenues and early synergy realization. However, there was a modest decline in air-to-ground AOL due to maintenance suspensions on older aircraft. The average target price for GOGO is $16.50, with a potential upside of 4.70% from the current price [2].

References:
[1] https://www.globenewswire.com/news-release/2025/07/09/3112429/0/en/gogo-appoints-general-retired-mike-minihan-formerly-commander-us-air-mobility-command-to-board-of-directors.html
[2] https://www.nasdaq.com/articles/gogo-inc-appoints-general-ret-mike-minihan-board-directors-expanding-leadership-military