:

Business/Financial

Investment Consortium To Acquire Government Consulting Firm LMI

By Cal Biesecker

Tuesday, July 12th, 2022

SHARE:

Investment Consortium To Acquire Government Consulting Firm LMI

Doug Wagoner, president and CEO of LMI. Photo: LMI

The government consulting firm LMI on Tuesday said it has agreed to sell its for-profit-subsidiary, which will retain the LMI name, to an investment consortium that will focus on positioning the company for growth. The deal is expected to be completed in the third quarter of 2022. After the sale closes, the remaining entity will rebrand as the non-profit NobleReach Foundation, which will focus on working with government, industry and academia to develop innovative approaches and thinking, and identify emerging…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]