To support critical infrastructure improvement at the
industrial facility with an aim to save energy,
Honeywell International Inc
) and the U.S. army recently announced a $61 million
infrastructure improvement project at the Rock Island Arsenal
Joint Manufacturing Technology Center (JMTC). Honeywell and the
U.S. army expect to complete the upgrades by the first half of
2017. The project is part of the technology center upgrades
launched by the army through a 20-year energy savings contract
JMTC manufactures metal parts and systems for the Department
of Defense, and is part of the Rock Island Arsenal Garrison - the
largest government Arsenal in the U.S.
As part of the project, Honeywell will install high-efficiency
heating ventilation and air conditioning (HVAC) systems including
on-premise natural-gas heating that will allow the facility to
disconnect from the Garrison's central coal-fired steam plant.
Another major upgrade is new plating and paint systems for the
technology center. This project enables the center to improve the
infrastructure and operate efficiently while supporting mission
This project aims to cut energy usage by approximately 35% and
generate approximately $5.3 million in annual energy and
operational savings. This project is likely to save nearly 5.5
million kilowatt-hours of electricity annually. Additionally, it
is expected to deliver environmental benefits by transitioning to
natural-gas heating, which in turn would reduce the annual coal
use at the central plant by approximately 12,000 tons.
This will significantly decrease Garrison's eco-footprint,
cutting an estimated 63 million pounds of carbon dioxide
annually. JMTC accounts for two-thirds of Garrison's overall
energy consumption. In addition to immediate savings, the project
will help Garrison meet the requirements of a Presidential
Executive Order that calls for federal facilities to reduce
energy consumption by 30% by 2015.
Honeywell is a global diversified technology and manufacturing
company with a wide range of aerospace products and services,
control, sensing and security technologies for buildings, homes
and industry, turbochargers, automotive products, specialty
chemicals, electronic and advanced materials, process technology
for refining and petrochemicals, and energy efficient products
and solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth a look include
Carlisle Companies Inc
Hutchison Whampoa Ltd.
), each carrying a Zacks Rank #2 (Buy).
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