Workers at Huntington Ingalls Industries will receive a one-time bonus in the company’s response to the federal Tax Reform Act.
A $500 bonus will be given to all employees except for those who work through an incentive plan.
HII is the parent company of Ingalls Shipbuilding, which employs about 11,500 workers and is the largest manufacturing employer in Mississippi.
HII President and CEO Mike Petters announced the news Thursday in a letter provided to the Sun Herald.
Since the company was formed in 2011, HII has opened new apprentice school facilities at its Ingalls and Newport News, Virginia, shipyards and has spent nearly $100 million a year on workforce development, Petters said.
The company has reached new labor agreements, to include four-year extensions agreed on in 2017, he said.
According to his letter, HII has spent more than $40 million on employee educational help, nearly $600,000 in pre-kindergarten and post-secondary scholarships for employees’ children, and given more than $20 million to community projects and organizations.