Honeywell announces $28M infrastructure project with Kunsan Air Base
Honeywell announced a $28M infrastructure modernization project with Kunsan Air Base, a U.S. Air Force Base located in South Korea. The project includes facility upgrades that aim to help improve infrastructure and equipment reliability while lowering the base's annual energy consumption by more than 18% and water consumption by over 7%. The project is expected to generate approximately $1.7M in annual energy savings. The project will be funded by a 25-year energy savings performance contract awarded to Honeywell by Kunsan AB, the Air Force Civil Engineer Center and Defense Logistics Agency-Energy. The contract enables the funding of the upgrades with annual energy and operational savings resulting from the project work. Honeywell guarantees the savings, eliminating the need for upfront capital investment and making it a self-funding project over the contract term.