Huntington Ingalls Industries Awards 100 Scholarships Through CEO-Sponsored Scholarship Fund
June 21 2017 - 12:30PM
Huntington Ingalls Industries (NYSE:HII) announced today that its
2017 HII Scholarship Fund has awarded 100 pre-kindergarten and
post-secondary scholarships to children of employees across its
enterprise.
The HII Scholarship Fund, now in its second year, is
administered through Scholarship America. The scholarship fund was
formed to provide financial assistance to qualified and selected
dependent children of HII employees who are pursuing a
post-secondary college or technical/vocation degree and dependent
children who are enrolled in quality pre-kindergarten school
readiness programs. HII was able to award its goal of 100
scholarships for the 2017-2018 school year. In the fund’s first
year, 78 scholarships were awarded.
“Meeting our goal this year means 100 students will have a
better opportunity to achieve their academic aspirations,” said
Mike Petters, HII’s president and CEO. “In addition to new award
recipients, we were able to renew scholarships awarded last year,
meaning the HII Scholarship Fund is already having a lasting and
positive impact on both the families and academic careers of its
recipients. Education is a vital component of a prepared workforce,
and HII is committed to providing our workforce and their families
with the tools they need to succeed.”
For the second year in a row, Petters declined his annual
salary, but for $1, to fund the program. As part of HII’s
commitment to workforce development, efforts to invest in the
future generations of workers through education, from pre-K through
college, is a top priority. HII supports numerous workforce
development efforts including investment in STEM education
programs; partnerships with community colleges and technical
schools to develop trade-based curriculum; summer internships for
both students and teachers, and industry-leading apprentice schools
at the company’s two shipyards.
Of the scholarships awarded, 30 were granted to post-secondary
students in four-year education programs, 20 were granted to
post-secondary students in two-year technical/vocation programs,
and 50 were granted to students in pre-kindergarten school
readiness programs. The parents of the scholarship awardees work
across the HII enterprise.
Children of all HII employees are eligible to apply for the
scholarship fund, with the exception of children of senior
executives and those employees who have been with the company for
less than two years. Guidelines and applications for the 2018
program will be available in early 2018.
Individual award amounts range from $1,500 for selected students
enrolled in a two-year college program to $3,000 for selected
students enrolled in a four-year program; the post-secondary awards
are renewable for recipients who remain in good academic standing.
The fund also awards scholarships of up to $3,000 for pre-school
education costs.
The selection process for awards is independent of HII and based
on both academic scholarship and financial need. No employee or
officer of HII plays a part in the selection process.
Huntington Ingalls Industries is America’s largest military
shipbuilding company and a provider of professional services to
partners in government and industry. For more than a century, HII’s
Newport News and Ingalls shipbuilding divisions in Virginia and
Mississippi have built more ships in more ship classes than any
other U.S. naval shipbuilder. HII’s Technical Solutions division
provides a wide range of professional services through its Fleet
Support, Integrated Missions Solutions, Nuclear &
Environmental, and Oil & Gas groups. Headquartered in Newport
News, Virginia, HII employs nearly 37,000 people operating both
domestically and internationally. For more information, visit:
- HII on the web: www.huntingtoningalls.com
- HII on Facebook:
www.facebook.com/HuntingtonIngallsIndustries
- HII on Twitter: twitter.com/hiindustries
Contact:
Beci Brenton
Beci.brenton@hii-co.com
202-264-7143
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