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.
