Honeywell International, Inc. (NASDAQ:HON) on Monday announced that it launched the Forge Plant Cognition, an industrial AI platform developed with NVIDIA Corp (NASDAQ:NVDA) and Dell Technologies Inc (NYSE:DELL).

The platform will debut at Dangote Petroleum Refinery in Lekki, Nigeria, where Honeywell estimates it could generate more than $60 million in gross annual operational benefits at full capacity.

Honeywell Targets $60 Million-Plus Benefit At Dangote Refinery

Forge Plant Cognition combines operating data, engineering expertise and physics-based models to identify bottlenecks, anticipate problems and recommend actions.

Honeywell estimates AI-enabled optimization at the Dangote refinery could deliver more than 29 cents per barrel in operational benefits, excluding implementation costs.

The platform uses Dell AI Factory with NVIDIA technologies to support plant optimization, digital twins, anomaly detection and simulation-based planning.

Dangote will combine refinery data with Honeywell's AI and process expertise to improve troubleshooting, decision-making and plant performance.

The platform will also support Dangote's goal of developing a 70% Nigerian workforce by expanding access to specialized process knowledge.

"By collaborating with Dangote to launch Forge Plant Cognition, we are demonstrating how AI can help transform industrial operations, driving new levels of productivity, reliability and profitability at significant scale," said Rajesh Gattupalli, President, Honeywell Technologies UOP.

Q3 Results Add Financial Context

The AI launch follows Honeywell's third-quarter results, when adjusted EPS of $2.27 topped the $2.17 estimate. Revenue rose 1% year over year to $4.994 billion but missed the $5.007 billion consensus.

Organic sales increased 7%, while short-cycle organic orders rose 8%, excluding businesses divested during the quarter.

Honeywell also raised its 2026 adjusted EPS outlook to $8.40-$8.45 and lifted its full-year sales forecast to $20 billion-$20.1 billion.

For the fourth quarter, the company guided adjusted EPS to $2.42-$2.47 and maintained sales guidance of $5 billion-$5.1 billion.

Analysts Raise Honeywell Price Forecasts

Honeywell carries a Buy consensus rating with an average price forecast of $306.47.

Several analysts raised their forecast on Oct. 23, with Citigroup maintaining a Buy rating and raising its forecast to $271, JPMorgan maintaining an Overweight rating and raising its forecast to $241, and Evercore ISI maintaining an Outperform rating and raising its target to $270.

HON Price Action: Honeywell Intl shares were down 1.37% at $218.12 at the time of publication on Monday, according to market data.