Spectrum Sciences & Software Completes Acquisition
Spectrum Sciences & Software Holdings Corp., focused on homeland security completed the acquisition of Coast Engine and Equipment Company, Inc. (CEECO), a Florida based company. CEECO is a profitable operation, which provides a diversified array of ship repair, metal fabrication, and design services to both commercial and governmental clients. be better positioned to pursue more contracts." Ham continued, "This acquisition is a positive step for Spectrum, as we continue to execute our stated business objectives. management in place and that was accomplished. We will enhance and aggressively expand on what CEECO has already accomplished, with clients such as the U.S. Navy, Disney Cruise Lines, the U.S. Guard and Rinker Cement.
CEECO Assists Restoration Efforts for Gulf Waterway Navigation
Spectrum Sciences & Software Holdings Corp. announced today that its wholly owned subsidiary, Coast Engine and Equipment Company (CEECO), has been helping the U.S. Coast Guard rebuild portions of the waterway navigation system in the Mississippi River Delta damaged by Hurricane Katrina. This work, which has a total contract value of approximately $1.3 million, is expected to be completed in January 2006. CEECO has been building the mechanical structures for twenty-five ATON (aid to navigation) devices that house electronic equipment used to mark navigable channels and hazards. Without ATON devices, cargo, naval, and recreational vessels cannot safely move through the waters. CEECO's work has been part of the emergency effort to restore the ATON system to pre-hurricane conditions.
