Huntington Ingalls Industries Awards 193 Scholarships for the 2020-2021 School Year Through Annual Scholarship Fund

Rhea-AI Summary

Huntington Ingalls Industries (NYSE: HII) announced the awarding of 100 new scholarships and the renewal of 93 existing ones through its HII Scholarship Fund for the 2020-2021 school year. In five years, the fund has supported 767 scholarships totaling over $2 million. The scholarship benefits dependent children of HII employees pursuing post-secondary or pre-kindergarten education. Award amounts range from $1,500 to $3,000, and the program showcases HII’s commitment to workforce development and educational opportunities.

Positive

• Awarded 100 new scholarships and renewed 93 scholarships, totaling over $2 million to date.
• Supports dependent children of HII employees, contributing to workforce development.
• Scholarship amounts range from $1,500 to $3,000, appealing to a wide range of educational needs.

Negative

• None.

NEWPORT NEWS, Va., Sept. 17, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) announced today that the HII Scholarship Fund, now in its fifth year, has awarded 100 new scholarships for the 2020-2021 school year. Additionally, the fund renewed 93 previously active scholarships. To date, 767 scholarships have been awarded or renewed for a total of more than $2 million.

The HII Scholarship Fund was formed to provide financial assistance to dependent children of HII employees who are pursuing a post-secondary college or technical/vocation degree and to dependent children who are enrolled in quality pre-kindergarten school readiness programs. For the fifth year in a row, HII President and CEO Mike Petters declined all but $1 of his annual salary to fund the program that has helped provide educational opportunities to 462 children of employees across the HII enterprise.

“The start of each academic year is often both an exciting and anxious time for many young scholars. This year is certainly no exception,” Petters said. “In this, the fifth year of our annual scholarship, it is more important than ever to give a sign of assurance to our students of all ages. Remember, the classrooms may look different for many, but the learning objectives remain the same. We are proud of the accomplishments our awardees will achieve despite these unprecedented times.”

Of the scholarships awarded, 30 were granted to students in four-year education programs, 20 were granted to students in two-year technical/vocation programs, and 50 were granted to students in early childhood school-readiness programs.

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.

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 2021 program will be available in early 2021.

The annual fund is a result of HII’s commitment to workforce development and ongoing efforts to invest in the future generations of workers through education. Through the decades, HII has made numerous investments in STEM education programs; partnerships with local high schools, 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.

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.

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 supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 42,000 people operating both domestically and internationally. For more information, visit:

• HII on the web: www.huntingtoningalls.com
• HII on Facebook: facebook.com/HuntingtonIngallsIndustries
• HII on Twitter: twitter.com/hiindustries
• HII on YouTube: www.youtube.com/huntingtoningalls 
• HII on Instagram: instagram.com/huntingtoningalls

Contact:

Beci Brenton
(202) 264-7143
Beci.Brenton@hii-co.com

FAQ

What is the HII Scholarship Fund?

The HII Scholarship Fund provides financial assistance for dependent children of HII employees pursuing college or technical degrees.

How many scholarships were awarded in 2020?

In 2020, 100 new scholarships were awarded along with 93 renewals for the academic year.

What is the total amount awarded by the HII Scholarship Fund?

The total amount awarded by the HII Scholarship Fund exceeds $2 million since its inception.

Who is eligible for the HII scholarships?

Dependent children of HII employees are eligible, except for children of senior executives and employees with less than two years of service.

When will the application for the 2021 scholarships be available?

Guidelines and applications for the 2021 program will be available in early 2021.