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LMI’s Growth Strategy and Emerging Technologies: Insights from CEO Doug Wagoner
LMI, a leading government consulting firm, is gearing up for a new era of growth under the leadership of CEO Doug Wagoner. In a recent video interview with Executive Mosaic, Wagoner revealed the company’s strategic plans for 2024, which include refining its business lines, expanding core capabilities, and pursuing growth opportunities through mergers and acquisitions.
One of the key areas of focus for LMI is artificial intelligence (AI), which Wagoner described as one of the most impactful technologies of our time. He shared how the company quickly adopted AI technology, developing solutions like LIGER and selling them to customers within a short timeframe. Wagoner emphasized the transformative potential of AI as a “change agent” in the government contracting landscape.
In addition to AI, Wagoner highlighted the significance of space innovation as another area of monumental change in the GovCon market. With the rise of commercial space companies like SpaceX, access to space is increasing and the cost of launch is decreasing, opening up new possibilities for space-based activities. LMI, traditionally focused on the back office side of the space industry, is now shifting towards the “mission side” of space through strategic acquisitions like Synaptech, which has enabled the company to work with customers such as Space Force on wargaming and future force design.
As LMI prepares for growth and expansion in 2024, Wagoner’s insights into AI, space trends, and the company’s strategic direction offer a glimpse into the exciting developments ahead. Watch the full video interview with Doug Wagoner for more information on LMI’s plans for the future.
