Galileo - 13 years late and three times over-budget
Date: Thursday, February 18 @ 06:56:51 UTC
Topic:
A French auditors report has revealed that the European Space Agency’s Galileo satellite navigation program is now 13 years behind schedule and more than three times over the original budget.
A series of cost overruns have seen only 12 satellites launched out of a planned total of 30 and completion is now not expected until 2020 at the earliest instead of the planned completion date of 2008.
The original budget was US$5 billion but the report reveals that costs have reached US$14 billion.
European Space Agency’s Galileo satellite navigation program
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