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The team of Boeing and Lockheed Martin filed a protest on Friday of the government's decision to award the long range strike-bomber contract to competitor Northrop Grumman.

The two companies said in a joint statement that the government's selection process was "fundamentally flawed" since it did not "properly reward the contractors' proposals to break the upward-spiraling historical cost curves of defense acquisitions."

Boeing and Lockheed Martin argued that their proposal offered a superior bomber at a lower cost.

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