HII Dedicates 22nd Habitat for Humanity Home Sponsored by Newport News Shipbuilding

Rhea-AI Summary

HII (NYSE: HII) and its Newport News Shipbuilding division celebrated the dedication of their 22nd Habitat for Humanity home on March 24, 2025. The three-bedroom, 1,200-square-foot home, located in Newport News' Southeast community, was built by shipyard volunteers in collaboration with Habitat for Humanity Peninsula and Greater Williamsburg.

The home was dedicated in memory of Jim Cochran, a retired shipbuilder with over 40 years of service and longtime Habitat volunteer. The homebuyer, Chaneka, will purchase the home through a 30-year, no-interest mortgage, following Habitat's 'hand up, not hand out' philosophy. The mortgage payments will be reinvested to build more homes for qualifying families.

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• Demonstrates long-term community engagement and corporate social responsibility through 22 home sponsorships
• Strengthens local community relations and company reputation in key operational area

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• None.

NEWPORT NEWS, Va., March 24, 2025 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division joined elected officials and community leaders Friday to dedicate the 22^nd Habitat for Humanity home sponsored by the shipyard since 2002.

Shipyard volunteers joined forces with Habitat for Humanity Peninsula and Greater Williamsburg to build the house.

“Our shipbuilders happily trade one hard hat for another to volunteer their time and energy to build these homes after working their full-time jobs,” said Thomasina Wright, NNS vice president of fleet support programs, who spoke on behalf of the shipyard team. “Being a Newport News shipbuilder means you take pride in building our Navy’s nuclear-powered aircraft carriers and submarines. It also means you take pride in building our communities.”

Wright recognized the family of the late Jim Cochran in attendance at the ceremony. Cochran, a retired shipbuilder who dedicated more than 40 years to the shipyard, was a longtime Habitat for Humanity volunteer. NNS dedicated the build of the home in his memory.

The three-bedroom, 1,200-square-foot home is located in the Southeast community of Newport News on land donated by the Newport News Redevelopment and Housing Authority.

Photos accompanying this release are available at: http://hii.com/news/hii-dedicates-22nd-habitat-for-humanity-home-sponsored-by-newport-news-shipbuilding/.

“It is exciting to see a house come to life and celebrate the family who will make it a home,” said Shauntrice Williams, CEO of Habitat for Humanity Peninsula and Greater Williamsburg. “Through the unwavering support of Newport News Shipbuilding, this partnership continues to change lives right here in our community.”

The homebuyer, Chaneka, will purchase the home from Habitat with a 30-year, no-interest mortgage, which illustrates Habitat’s objective to give families a “hand up” rather than a “hand out.” The payments will cycle back into the community so more homes can be built for qualifying families.

Habitat for Humanity Peninsula and Greater Williamsburg is a non-profit organization serving the cities of Hampton, Newport News, Poquoson and Williamsburg and the counties of Charles City, James City, New Kent and York. For more information, visit www.HabitatPGW.org.

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:

• HII on the web: https://www.HII.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on X: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII

Contact:

Todd Corillo
Todd.T.Corillo@hii-co.com
(757) 688-3220

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8664d4b0-1906-4d83-a1ef-e31c83e69a12

FAQ

How many Habitat for Humanity homes has HII's Newport News Shipbuilding sponsored since 2002?

HII's Newport News Shipbuilding division has sponsored 22 Habitat for Humanity homes since 2002.

What are the specifications of the latest HII-sponsored Habitat home in Newport News?

The home is a three-bedroom, 1,200-square-foot property located in the Southeast community of Newport News.

What type of mortgage arrangement does HII's Habitat home recipient receive?

The homebuyer receives a 30-year, no-interest mortgage from Habitat for Humanity.

In whose memory was HII's 22nd Habitat home dedicated?

The home was dedicated in memory of Jim Cochran, a retired shipbuilder with over 40 years of service and longtime Habitat volunteer.