Earlier quoted context omitted.
This is slightly true, though notably the Torino Scale mentions that once an object is classed at level 5, governments may begin to take action to counteract such a collision before it arrives at earth, if the encounter is set to be less than a decade away. http://en.wikipedia.org/wiki/Torino_Scale Edit: NASA's JPL maintains the Sentry Risk Table, which tracks all objects that may impact the Earth, with various data…
The time to initiate an asteroid defense project is long before a threat is even detected. There needs to be time for technology development, deployment, and testing. Tackling an extinction-level event is not something we want to scramble for at the last possible minute, using untried technology.
I am not sure if this is in line with Agile principles like YAGNI.