A status reporting system for components used in a mobile platform includes a fault manager within the mobile platform for assigning a state indicator to each component. Each state indicator indicates the operational current state of the component. A management system external to the mobile platform, in one example being a ground based management system, is in communication with the mobile platform via a wireless communication link. A component summary including the state indicators of all the components is periodically transmitted from the mobile platform as an information packet, via the wireless link, to the management system for review. The management system can thus remotely monitor the operational status of various important components on a periodic basis, for example every five minutes. This saves significant bandwidth over that which would be required if a continuous wireless link was to be employed to remotely monitor various components on the mobile platform.