Huntington Ingalls Industries reveals more details about scholarship program

Newport News-based Huntington Ingalls Industries revealed more details Monday about the scholarship program it has established for dependent children of company employees.

In March HII said it had begun the process to establish the scholarship fund. Working with Scholarship Management Services, a division of Scholarship America, HII intends to award 100 scholarships a year to dependent children of HII employees.

In order to fund the scholarships HII President and CEO Mike Petters has declined his annual salary, but for $1. Award amounts range from $1,500 to $3,000 per year.

“I was awarded two scholarships in my life that totally changed my trajectory,” Petters said in a statement. “It’s my hope that this scholarship program will do the same for many of our extended HII family.”

The scholarships also will be funded through the establishment of an endowment for the benefit of students in future years and by anyone else who wishes to donate to the program.

The Huntington Ingalls Industries Scholarship Fund provides financial assistance to children of HII employees who are pursuing a college or technical/vocation degree and children that are enrolled in pre-kindergarten school readiness programs.

Children of all HII employees are eligible to apply, except for children of senior executives and those employees who have been with the company for less than two years.

Details on how to apply for a scholarship can be found here: http://www.huntingtoningalls.com/employees/scholarship/.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. The company employs nearly 35,000 people domestically and abroad.