To reauthorize the Integrated Coastal and Ocean Observation System Act of 2009.

1) WHAT HAPPENED: HR 2294 was introduced in the House on March 24, 2025 by Rep. Ezell (R-MS). It reauthorizes the Integrated Coastal and Ocean Observation System (IOOS) through FY2030 at $56M per year. The bill was reported by the Committee on Natural Resources on February 9, 2026 (H. Rept. 119-489, Part I) and awaits further House action. The bill is early-stage — it has cleared one committee but requires floor passage in the House, Senate consideration, and Presidential signature. 2) THE MONEY TRAIL: The bill authorizes $56M per year for FY2026 through FY2030 — a total authorization of $280M over five years. Authorization ≠ appropriation. Actual funding comes through separate NOAA appropriations bills. The $56M level is identical to prior year funding, representing a continuation of baseline operations. No new programs, no spending increases, no new procurements. 3) STRUCTURAL WINNERS & LOSERS: There are no material winners or losers. The IOOS program funds operational oceanography (radars, gliders, buoys, vessels, models) through NOAA contracts. Primary industry beneficiaries include ocean data services, sensor manufacturers, and systems integrators. However, at $56M/year — a fraction of defense primes' annual revenues — even if LMT, GD, or NOC hold IOOS-related subcontracts, the impact is immaterial to their financials. The bill is purely procedural. 4) MARKET DATA CONTEXT: As of April 30, 2026: LMT ($509.45) is down 15.71% over 30 days; GD ($342.05) is flat at -0.34% over 30 days but +9.21% over 7 days; NOC ($576.34) is down 15.52% over 30 days. No defense prime's recent price movement correlates with HR 2294 — this is a non-event for equity valuations. 5) TIMELINE: The bill was reported out of the Natural Resources Committee on February 9, 2026. It must pass the House floor, the Senate, and be signed by the President. Given the procedural nature and bipartisan sponsorship (25 cosponsors), passage is likely but timing is uncertain. The event date listed (2026-03-17) is the congressional event date for analyst purposes, not a legislative action date.