Johnson Controls International (JCI) Partners with Armada for Development of Arizona Factory

Johnson Controls International plc (NYSE:JCI) is one of the 8 Best Climate Change Stocks to Buy According to Analysts. On May 19, modular data center builder Armada announced that it has entered an agreement with Johnson Controls for the development of the Galleon Forge One factory in Arizona.

In a statement, Armada said Galleon Forge One will span up to 400,000 square feet and is projected to create 500 jobs, in addition to additional roles in the domestic supply chain. The company also unveiled a Global Framework Agreement for modular data center systems with Johnson Controls, adding that the latter is also making an investment in the company.

Johnson Controls Chief Executive Officer Joakim Weidemanis said the company is working with Armada to rapidly deliver secure modular data centers at scale. He added:

“Together, we have already deployed units across the United States and around the world, demonstrating the expertise and global reach required to support mission-critical environments. Johnson Controls’ differentiated technology, U.S.-based manufacturing strength and Armada’s edge computing expertise will deliver the thermal‑critical environments that perform predictably, deploy quickly, and scale with confidence.”

Of the 25 analyst ratings compiled by CNN, 52% rated Johnson Controls Buy, while 36% assigned a Hold rating. The stock has an average price target of $155, a 14.46% upside from the current price of $135.42.

Johnson Controls International plc (NYSE:JCI) is engaged in thermal management, mission-critical building systems, energy efficiency, and decarbonization. The company helps customers use energy more productively, reduce carbon emissions, and operate with precision.

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