NASA: James Webb Space Telescope Costs Becoming AstronomicalSETH BORENSTEIN | 11/10/10 06:47 PM | AP
WASHINGTON — The cost of NASA's replacement for the Hubble Space Telescope is giving new meaning to the word astronomical, growing another $1.5 billion, according to a new internal NASA study released Wednesday.
NASA's explanation: We're better rocket scientists than accountants. Management and others didn't notice that key costs for the James Webb Space Telescope weren't included during a major program review in July 2008, officials said.
The study says in the best case scenario it will now cost about $6.5 billion to launch and run the powerful, new telescope. And that can happen only if NASA adds an extra $500 million in the next two years over current budget plans. If the agency can't get the extra money from Congress, it will ultimately cost even more and take longer to launch the telescope.
Before now, the cost of the telescope had already ballooned from $3.5 billion to $5 billion.
NASA officials said they had not done a good job of figuring out the confirmation cost for the massive telescope. The report said the budget in 2008 "understated the real requirements" and managers didn't realize how inadequate it was.
unhappycamper comment: $5 billion is about what a Virginia-class submarine costs. We already have seven of these bad boys.
I find it interesting that NASA is all aghast at the cost and the DoD could care less about the cost.