I don't think they suck at forecasting...I think they are probably exceptional at forecasting but willfully lie about project costs when submitting bids for projects in order to come under the competition and win the contract. There doesn't seem to be any penalties for this, so why would they stop?
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There's only 66 nautical miles of international water between FL and Cuba.
The South China Sea is 1.3 million square nautical miles.
You are a few orders of magnitude off for a rational comparison.