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Yes as Reuters is reporting, Donald Trump is now attacking the F-35 deal as too costly. As per Trump's Tweet:
The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th.
While we can certainly agree that this plane has been very costly and should have been cancelled long time ago, cutting the contract now after the bulk of the development money has been already spent, doesn't make sense...any more than cancelling the Iran deal after they got their money.
As Reuters points out, the much delayed and over budget F-35 is in production now and our allies Britain, Australia, Norway, Denmark, the Netherlands, Italy, Turkey, Israel, Japan and South Korea are all committed to buying versions of the plane. Furthermore, the jets are in operational use now by the Air Force and Marines, and are being flown by six countries: Australia, Italy, Britain, Norway, the Netherlands and Israel.
Is this what Trump considers the art of the deal...cancelling a contract after the bulk of the design and development costs have been spent? Yes ongoing costs are still a concern, but there is an optimum time to cancel contracts, and for this plane, that time was several years ago.
What happens after January 20th? Scrap the whole plane and start over? Russia would like that.