Honeywell launches Forge Plant Cognition with NVIDIA, Dell

Honeywell International's recent launch of Forge Plant Cognition, built with NVIDIA and Dell, marks a step deeper into software-rich automation for complex refining and LNG operations. The platform plugs directly into the company's push to grow industrial software and services, a shift tied to plans to raise services and software from about 40% to 45% of revenue and build roughly US$1b of Forge ARR. Running Forge Plant Cognition at Dangote's large refinery gives the business a high-profile test case in LNG and refining, areas already flagged as priority sectors.

Separately, Honeywell's connected cabin automation now runs more than 8,400 staterooms on Royal Caribbean's Icon Class ships, extending its controls into travel customers. The company's narrative projects US$22.3 billion revenue and US$3.2 billion earnings by 2029, against analyst assumptions of a 16.4% yearly revenue decline and an earnings decrease of about US$5.1 billion from current earnings of US$8.3 billion. The main swing factor remains delivery on margin expansion targets as the group separates into three companies.