Hubble Replacement on Slow Track

iamlucky13 writes "The targeted launch date for the James Webb Space Telescope, an infrared space observatory currently nearing the completion of the design stage, has been pushed back 2 years to help deal with a price tag that has grown to $4.5 billion. This advanced telescope is designed to build upon the achievements of the Hubble after its retirement, peering into deep space with it's large 6.5 meter primary mirror from the L2 point 1.5 million kilometers from earth. As the highest priority science mission on NASA's agenda, a decision was made to spread the extra cost over additional budget cycles rather than compromise it's instrument package. Regardless, some of the lower priority missions may feel the impact of the JWST cost growth."