Honeywell Upgrading Infrastructure At Kunsan Air Base, South Korea

Honeywell Building Technologies (HON) has entered into an agreement to start upgrading facilities at the Kunsan Air Base in South Korea. The company will work to improve fuel supply reliability at the US airbase, installing natural gas services in order to reduce energy use by 11%. Additionally, the company is tasked with modernizing 25 buildings by converting boilers from fuel oil to natural gas. The company will also install a distribution network to deliver natural gas. Upon completion, the $23 million project will significantly reduce the need for frequent fuel oil deliveries. It will also help enhance airman quality of life through the installation of easy-to-maintain heating systems. Honeywell also expects the upgrades to benefit South Korea, given the expected reduction of carbon dioxide, nitrogen oxide and sulfur dioxide. (See Honeywell stock analysis on TipRanks) "With locally sourced and serviced equipment and materials, maintenance can be completed more quickly, allowing ser