Trump says the F-35 program and cost 'out of control'

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U.S. President-elect Donald Trump speaks at the USA Thank You Tour event at the Iowa Events Center in Des Moines, Iowa, U.S., December 8, 2016. REUTERS/Shannon Stapleton/File Photo (Copyright Reuters 2016)

U.S. President-elect Donald Trump said on Monday the cost of Lockheed Martin's F-35 fighter jet program is too high and that he would save billions on that once he takes office.

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"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," Trump said on Twitter.

(Reporting by Doina Chiacu; Editing by Alden Bentley)