Mr. Speaker, on spiralling F-35 costs, during the last election, the Prime Minister told an audience in Mississauga that we had a contract that basically sheltered us against any increases in the development costs of the F-35 and that he was confident of his cost estimates. That was incorrect and clearly misled Canadians.
Yesterday, he tried to do some damage control and talked about a memorandum of understanding. I am afraid the Prime Minister does not understand this file very well. I would like to ask him today if he could clarify.