Honeywell Expects Metropolis Works Uranium Facility To Take Up To One Year

Reuters reported Honeywell International Inc (NYSE:HON) said Tuesday it could take nine to 12 months to upgrade the Metropolis Works uranium conversion facility in Illinois.

As quoted in the market news:

On Tuesday, the U.S. Nuclear Regulatory Commission (NRC) issued a Confirmatory Order telling Honeywell what actions the company must take before it can resume operations at Metropolis.

The facility has been shut since May 9 following an NRC inspection that determined a major earthquake or tornado could result in a higher risk to the public than originally assumed, the NRC said in a release.

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