Globecomm Systems Inc. (NASDAQ: GCOM), provider of satellite-based communications infrastructure, including both hardware and software, hit a high for the year on 15 October, closing at $16.04, up $0.91 for the day. The rise in stock price comes on the heels of two recent contract awards. Globecomm has joined with the National Hockey League (NHL) to provide streaming feeds of up to 30 simultaneous games to subscribers of NHL's Center Ice package. In a completely different venue, Globecomm also won a contract from the National Oceanic and Atmospheric Administration (NOAA) to build a networked prototype so that all weather-related information, particularly information on hazardous weather, can be merged into one location.

As a results of these contracts, and the acquisition of Global Sat earlier in the year, Globecomm posted a month ago record revenue for both fiscal 4Q 2007 as well as for FY 2007. For the fiscal 4Q, Globecomm posted revenues of 49.2 million, an increase of 38%. Revenue is divided into 2 segments: infrastructure solutions revenue, which was up 29%, and service revenue, which increased 77%. The results are the same for FY 2007. Revenue increased 20% to $150.7 million, with service revenue increasing over 28%.

CFO David Herschberg predicts that Globecomm will post record revenues of $190-$200 million in FY 2008, with diluted EPS of $0.70. Such rsults are entirely possible. Globecomm won part of a 5 year, $5 billion US Army telecommunications contract, as well as a NATO contract to develop a friendly-forces tracing system to prevent friendly-fir deaths. Globecomm has been in Asia constructing a $26 million media processing center. Although on a much smaller scale, Globecomm is beginning to rebuild the telecommunications infrastructure in Afghanistan, and bring wireless communications to rural Alaska.

The stock opened the year trading at $8.85 and is on its way to doubling in 10 months, with no signs of slowing down. In a few months, the current share price of $16 may seem like a real bargain.

Visit AOL Money & Finance for more earnings coverage

Inferential Focus, Inc. was the subject of Barron's interview this past weekend. This research driven company combs the world looking for new investment trends.

One emerging trend that could prove profitable for investors is the Department of Defense's need for a new generation of military satellites and communications networks in general. Technology exists, and could easily get into the hands of potential enemies, that can jam communications between U.S. spacecraft and ground stations by messing up the current DOD satellites that serve as central communications point for all these devices. A simple ground station based in any country could potentially mess up the communications of our military.

To solve this potential problem, the DOD has embarked on a $34 billion project to build a whole new global networking system similar to the Internet called GIG, or Global Information Grid. The DOD's goal is to make this network the most secure communications network ever to exist.

The companies that are going to benefit from this build-out are Globecomm Systems Inc (NASDAQ: GCOM), SAIC Inc (NYSE: SAI) and Radvision Ltd (NASDAQ: RVSN). My knowledge about these companies is severely lacking. Please send in comments if you know anything about this satellite build-out or these companies.