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HII Awards 194 Scholarships Through Annual Scholarship Fund

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HII (NYSE: HII) has awarded 194 new scholarships and renewed 94 existing ones through its annual scholarship fund for the 2024-2025 school year. The program, in its ninth year, has distributed over $3.6 million across 1,555 scholarships, benefiting more than 700 employees' children. The awards include 30 scholarships for four-year college programs, 20 for two-year degree or vocational programs, and 50 for early childhood school-readiness programs. Individual awards range from $1,500 for two-year programs to $3,000 annually for four-year and early childhood programs. The fund is administered through Scholarship America with an independent selection process based on academic merit and financial need.

HII (NYSE: HII) ha assegnato 194 nuove borse di studio e rinnovato 94 borse esistenti attraverso il suo fondo annuale per borse di studio per l'anno scolastico 2024-2025. Il programma, giunto al suo nono anno, ha distribuito oltre 3,6 milioni di dollari attraverso 1.555 borse, beneficiando più di 700 figli di dipendenti. I premi includono 30 borse per programmi di laurea quadriennali, 20 per programmi di diploma biennali o professionali, e 50 per programmi di preparazione scolastica per la prima infanzia. I premi individuali vanno da 1.500 dollari per i programmi biennali a 3.000 dollari all'anno per i programmi quadriennali e per la prima infanzia. Il fondo è gestito attraverso Scholarship America con un processo di selezione indipendente basato sul merito accademico e sul bisogno economico.

HII (NYSE: HII) ha otorgado 194 nuevas becas y renovado 94 existentes a través de su fondo anual de becas para el año escolar 2024-2025. El programa, en su noveno año, ha distribuido más de 3.6 millones de dólares a través de 1,555 becas, beneficiando a más de 700 hijos de empleados. Los premios incluyen 30 becas para programas de cuatro años, 20 para programas de dos años o vocacionales, y 50 para programas de preparación escolar para la infancia temprana. Las becas individuales oscilan entre 1,500 dólares para programas de dos años hasta 3,000 dólares anuales para programas de cuatro años y de educación infantil. El fondo es administrado a través de Scholarship America con un proceso de selección independiente basado en el mérito académico y la necesidad financiera.

HII (NYSE: HII)는 2024-2025 학년도에 대해 194개의 신규 장학금을 수여하고 94개의 기존 장학금을 갱신했습니다. 이 프로그램은 9년째를 맞이하며 1,555개의 장학금을 통해 360만 달러 이상을 배분했으며, 700명 이상의 직원 자녀가 혜택을 받았습니다. 이 장학금에는 4년제 대학 프로그램을 위한 30개의 장학금, 2년제 학위 또는 직업 프로그램을 위한 20개의 장학금, 그리고 유아 교육 프로그램을 위한 50개의 장학금이 포함됩니다. 개별 장학금은 2년제 프로그램에 대해 1,500달러에서 4년제 및 유아 프로그램에 대해 연간 3,000달러까지 다양합니다. 이 기금은 Scholarship America를 통해 관리되며, 학업 성취도와 재정적 필요를 기반으로 하는 독립적인 선발 과정이 있습니다.

HII (NYSE: HII) a attribué 194 nouvelles bourses et renouvelé 94 bourses existantes grâce à son fonds annuel de bourses pour l'année scolaire 2024-2025. Le programme, en son neuvième année, a distribué plus de 3,6 millions de dollars à travers 1 555 bourses, profitant à plus de 700 enfants d'employés. Les récompenses comprennent 30 bourses pour des programmes de quatre ans, 20 pour des programmes de deux ans ou des formations professionnelles, et 50 pour des programmes de préparation scolaire pour la petite enfance. Les bourses individuelles varient de 1 500 dollars pour les programmes de deux ans à 3 000 dollars par an pour les programmes de quatre ans et de petite enfance. Le fonds est géré par Scholarship America, avec un processus de sélection indépendant basé sur le mérite académique et le besoin financier.

HII (NYSE: HII) hat 194 neue Stipendien vergeben und 94 bestehende über seinen jährlichen Stipendienfonds für das Schuljahr 2024-2025 erneuert. Das Programm, das nun im neunten Jahr ist, hat über 3,6 Millionen Dollar auf 1.555 Stipendien verteilt, die mehr als 700 Kindern von Mitarbeitern zugutekommen. Die Auszeichnungen umfassen 30 Stipendien für vierjährige Studiengänge, 20 für zweijährige Ausbildungs- oder Berufsschulen und 50 für frühkindliche Bildungsprogramme. Die einzelnen Auszeichnungen liegen zwischen 1.500 Dollar für zweijährige Programme und 3.000 Dollar jährlich für vierjährige und frühkindliche Programme. Der Fonds wird über Scholarship America verwaltet und verfügt über einen unabhängigen Auswahlprozess, der auf akademischen Leistungen und finanzieller Bedürftigkeit basiert.

Positive
  • Demonstrates strong employee benefits program and commitment to workforce retention
  • Total investment of $3.6 million in employee education benefits shows financial stability
Negative
  • None.

NEWPORT NEWS, Va., Oct. 28, 2024 (GLOBE NEWSWIRE) -- All-domain defense and technologies provider HII (NYSE: HII) announced today that the company’s scholarship fund, now in its ninth year, has awarded 194 scholarships to dependent children of HII employees for the 2024-2025 school year. Additionally, the fund renewed 94 previously awarded scholarships.

HII’s scholarship fund has awarded more than $3.6 million in 1,555 scholarships over the life of the program, providing educational opportunities to more than 700 children of employees across the HII enterprise.

“This is a cherished program for our employees and their families,” said Chris Kastner, HII’s president and CEO. “Investing in children and education ultimately benefits all of us, including our communities and the nation. Congratulations to all of the recipients and their families.”

Of the scholarships awarded, 30 were granted to students in four-year college education programs, 20 were granted to students in two-year degree or vocational programs, and 50 were granted to students in early childhood school-readiness programs.

Individual award amounts ranged from $1,500 for students enrolled in two-year degree or vocational programs to $3,000 per year for students enrolled in four-year programs. The fund also awarded scholarships of up to $3,000 for early childhood school-readiness programs.

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A photo accompanying this release is available at: https://hii.com/news/hii-awards-194-scholarships-through-annual-scholarship-fund.

The HII Scholarship Fund is administered through Scholarship America. 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.

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.

To view testimonies from past year’s recipients, learn more about how to make a tax-deductible donation to the fund, or for more details on how to apply for 2025, please visit: https://hii.com/hii-scholarship-fund/.

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

Contact:

Danny Hernandez
202-264-0588
Danny.J.Hernandez@hii-co.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9b9c8422-94e5-40eb-98da-f32b2f800ee4


FAQ

How many scholarships did HII (NYSE: HII) award for 2024-2025?

HII awarded 194 new scholarships and renewed 94 existing scholarships for the 2024-2025 school year.

What is the total amount HII has awarded through its scholarship program?

HII has awarded more than $3.6 million across 1,555 scholarships since the program's inception.

What are the scholarship amounts offered by HII in 2024?

HII offers $1,500 for two-year degree programs and up to $3,000 per year for four-year programs and early childhood school-readiness programs.

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