Original Source: FD (FAIR DISCLOSURE) WIRE
OPERATOR: Welcome, ladies and gentlemen, to the CACI International conference call regarding the pending acquisition of substantially all the assets of Information Systems Support Inc. Today's call is being recorded. [OPERATOR INSTRUCTIONS] At this time I would like to turn the conference over to CACI's Chief Financial Officer, Mr. Steven Waechter. Please go ahead, sir.
STEVE WAECHTER, CFO, CACI INTERNATIONAL: Thank you. And good afternoon, everyone. I am Steve Waechter, Chief Financial Officer of CACI International and we're pleased that you are able to participate with us today. We have about 30 minutes allocated to today's call, and we would like to spend about 15 minutes with introductory remarks and then open it up for about 15 minutes for Q&A.
Before we begin our discussion this afternoon I would like to make our customary but important statement regarding CACI's written and oral disclosures and commentary. There will be statements in this call that do not address the historical fact and as such constitute forward-looking statements under current law. These statements are subject to important factors that could cause actual results to differ materially from the statements made today. The primary factors that could cause actual results to differ materially from those anticipated are listed at the bottom of today's release and are described in the Company's Securities and Exchange Commission filings. Our Safe Harbor statement should be incorporated as part of any transcript of this call. To open our discussion here is Jack London, Chairman, President and CEO of CACI International.
JACK LONDON, CEO, CACI INTERNATIONAL: Thank you, Steve. Good afternoon, ladies and gentlemen, and thank you for joining us today. As you know from your press release earlier today, we have entered into a agreement to purchase substantially all of the assets of Information Systems Support, Incorporated. An information technology solutions provider to the United States Government. With me today to discuss the pending acquisition and answer your questions are Paul Cofoni CACI's President of U.S. Operations; Steve Waechter, our Chief Financial Officer; and Bill Fairl, Chief Operating Officer of our U.S. Operations.
First let me tell you more about Information Systems Support Incorporate, or ISS, and why we're very excited about this company. ISS was founded in 1988 and offers information technology, logistics and communication services to U.S. Government customers. The Company, which is headquartered in Gaithersburg, Maryland, has approximately 1,100 employees worldwide. This transaction is completely consistent with CACI's role of being a strategic consolidator in our market and supports our goal of increasing our operating size and market footprint through strategic acquisitions. ISS's projected revenue for calendar year ending December 31, 2005, is just over $200 million. Consolidated with CACI we will have a revenue run rate approaching $2 billion.
As we indicated in our release we believe that when this transaction is completed it will add approximately $75 million in revenue in our fiscal year 2006 ending June 30, 2006 and be accretive to earnings. We believe that the core competencies of ISS are a terrific fit with those of CACI. ISS is well positioned with key National Security clients in the DOD. ISS also brings us important new contract vehicles, notably the GSA's ANSWER contract, and new client relationships including several new client relationships within the intelligence community which now represents over 25% of CACI's business base and is the fastest growing component of our operations. Upon completion of the transaction, approximately 27% of CACI's business will be with the intelligence community. More than 90% of the ISS employees hold Federal Government security clearances, and for the fine people of ISS, they will gain access to CACI contract vehicles where together, our two organizations can be even more successful in serving our fine customers worldwide. Now let me turn over the discussion to Paul Cofoni, who will discuss the strategic value of ISS to CACI. Paul?
PAUL COFONI, PRESIDENT, CACI INTERNATIONAL: Thanks, Jack. …