The FTC retained Cornerstone Research in its review of this proposed merger.
Retained by the Federal Trade Commission
The Federal Trade Commission issued a complaint alleging that Lockheed Martin Corporation’s proposed acquisition of Aerojet Rocketdyne Holdings Inc. would harm competition. The FTC retained Cornerstone Research and an economic expert to conduct analyses.
The FTC alleged that the proposed vertical integration would harm rival defense contractors and further consolidate multiple markets critical to national security and defense. In February 2022, the parties announced that they were abandoning the proposed merger.