NASA can look forward to even more costs and longer delays for its next big rocket [The Verge]
Aerojet Rocketdyne Holdings, Inc. (AJRD)
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Source: The Verge
A new report from NASA’s inspector general paints a bleak picture Once again, NASA can expect even more delays and budget increases for its Space Launch System (or SLS) — the behemoth rocket the space agency is building to take humans to the Moon and Mars. Today, NASA’s inspector general, which performs periodic audits of the space agency’s programs, released a scathing report on the current status of the Space Launch System’s development — and things look bleak. The rocket, which has already suffered from numerous cost overruns and budget delays, is projected to cost billions of dollars more than expected. The vehicle also probably won’t be ready to fly by June 2020, the current target date for the rocket’s first launch. The report blames many of the issues on Boeing, the main contractor of the SLS. Boeing has been struggling with the development of the SLS core stage — the main body of the rocket that contains the primary engines and most of the propellant. The first cor
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