NEWPORT NEWS, Va. – In a move to enhance the wellbeing of its workforce, HII’s (NYSE: HII) Newport News Shipbuilding (NNS) division unveiled a new 24/7 MicroMarket today, providing round-the-clock access to nutritious food options for shipbuilders and Navy personnel. The MicroMarket, managed by Aramark, is strategically located to serve those working on aircraft carriers and submarines, particularly during refueling and complex overhaul (RCOH) operations.
This latest facility replaces a former canteen and is part of NNS’s commitment to ensuring the health of its employees and Navy partners. “Making sure everyone involved in our critical national security mission at Newport News Shipbuilding has access to healthy food options near their workspaces, no matter what shift they work, is of utmost importance,” said Karey Malyszko, NNS vice president of plant operations.
Capt. Hannah Kriewaldt, Commanding Officer at Supervisor of Shipbuilding, Conversion and Repair, Newport News, emphasized the project’s significance for sailors. “This new MicroMarket brings healthy food options closer to Sailors, providing easy access as they carry out their important duties,” she stated.
HII, the nation’s largest military shipbuilder, continues to focus on advancing U.S. national security by delivering powerful ships and all-domain solutions. The company employs a workforce of 44,000 and prides itself on a 135-year history of service.
The information regarding the new MicroMarket is based on a press release statement.
InvestingPro Insights
Huntington Ingalls Industries (NYSE:), the largest military shipbuilder in the United States, not only focuses on delivering powerful ships and all-domain solutions but also shows a commitment to the wellbeing of its workforce. The recent unveiling of a new 24/7 MicroMarket at Newport News Shipbuilding aligns with the company’s dedication to its employees’ health and productivity.
InvestingPro data indicates that HII has a market capitalization of $10.89 billion and operates with a moderate level of debt. The company’s P/E ratio stands at 16.12, suggesting that the stock may be trading at a low price relative to near-term earnings growth. This could be particularly relevant for investors looking for value in the defense sector.
InvestingPro Tips highlight that HII has a perfect Piotroski Score of 9, which often signals strong financial health, and has raised its dividend for 12 consecutive years, reflecting a commitment to shareholder returns. Additionally, the company has been profitable over the last twelve months, and analysts predict it will continue to be profitable this year.
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