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Different variant. We're looking at the F-35A, not the F-35B (with V/STOL capability).
Part of the issue with calling the F-35 program a huge waste of money is that it is essentially 3 types of aircraft bundled together:
F-35A: Conventiional takeoff and landing (USAF, etc)
F-35B: V/STOL (USMC, RN)
F-35C: Naval variant with strengthened gear, etc (USN)
So, yes it costs tons, but would it be less than designing 3 different aircraft? Probably, because of commonality.
Right now the vast majority of international orders is for the F-35A. The teething pains and issues were more in the B and C models.