OTTOWA, Canada (CNN) -- There's an amazing new space telescope being developed that's going to be capable of seeing far away planets. Canada is playing a big part in NASA's project.

Canadian researchers and engineers spent the past ten years working on this. Their contribution to what will be the largest ever space telescope.

NASA's James Webb Space Telescope will be seven times bigger than the aging Hubble telescope, allowing it to peer even deeper into the universe. To do that, it has an array of mirrors seven meters across.

But to point those mirrors in the right direction, it will use a highly precise Canadian-made camera. John Hutchings with the National Research Council of Canada says, "Our cameras are capable of noticing changes in direction of the telescope of one millionth of a degree. That is looking from one side to the other of a dime placed a thousand kilometers away."

NASA officials say Canada's fine guidance censor or FGS will be the reason scientists will get results from the telescope. Eric Smith with NASA says, "All of those results are the imprint of the successful hardware contribution that Canada is giving today because none of it would be possible without the FGS' capabilities."

The Canadian contribution will also include a sensor called Neris that can look at the earliest and faintest objects in the history of the universe and analyze the atmospheres of far away rocky planets. Rene Doyon with the University of Montreal says, "In short, Neris will be capable of identifying habitable worlds so this is a very exciting time."

Don't get too excited just yet. The James Webb telescope isn't scheduled to launch until 2018.