In 2022, LMI underwent a significant organizational shift as it entered the for-profit arena after six decades as a federally funded research and development center. In a new video interview, Executive Mosaic spoke with LMI CEO Doug Wagoner, a five-time Wash100 Award winner, to learn more about the company’s growth strategy, M&A opportunities and core values as LMI taps into its next phase of expansion.
According to Wagoner, LMI’s core values are built on the foundation of the company’s 60-year history as a not-for-profit organization. And today, those core values are still a guiding beacon for LMI as it moves into the for-profit space.
“Our mission focus, how we treat our people, high ethical standards — when you’re a non-profit, those are even more critical. And we continued that cultural identity as we went for-profit in 2022,” Wagoner shared with Executive Mosaic’s Summer Myatt.
“A core reason why people come to work for LMI, why we enjoy a very low turnover rate, is that we do talk about those cultural elements. The management team reinforces those cultural elements. It’s just not something that we throw on the website. It is something that all of us take very seriously because we spend the public’s money and that’s a high bar for integrity and transparency. We take that very seriously,” Wagoner shared.
Wagoner went on to discuss the rise of artificial intelligence tools and technologies — including LMI’s own AI offering, LIGER — and the company’s expansion into the space market.
He also revealed insights into LMI’s M&A outlook for 2024 as the company seeks to achieve greater penetration into the intelligence market.
Watch Doug Wagoner’s full video interview for the latest insights from the leaders of GovCon.
