927 - Space Research and Technology
When it comes to innovations that push the boundaries of human knowledge beyond our planet, NAICS Code 927 plays a pivotal role. Officially designated for Space Research and Technology, this classification represents a cutting-edge sector driving space exploration, satellite development, and advanced space sciences. Whether you're a business owner, government contractor, or simply curious about the space industry, understanding NAICS Code 927 is essential in today's space economy.
What is NAICS Code 927?
NAICS Code 927 covers establishments primarily involved in:
- Conducting research and development (R&D) focused on space sciences and technology.
- Designing and developing spacecraft and satellites.
- Planning and operating space missions.
- Advancing technologies necessary for space exploration and related applications.
In essence, this industry revolves around exploring outer space through scientific inquiry, innovation, and technological advancement.
Sector Overview: Public Administration
NAICS 927 falls under the broader Public Administration sector, which includes government and affiliated organizations responsible for managing and providing public services—space exploration being a critical frontier. Many entities engaged in space research work closely with federal agencies like NASA and the Department of Defense, illustrating the synergy between public initiatives and private enterprises.
Typical Business Activities Under NAICS Code 927
Businesses classified under NAICS 927 typically engage in:
- Operating space research laboratories conducting experimental research related to space phenomena.
- Developing satellites for communication, observation, navigation, and scientific data collection.
- Managing space mission control centers that coordinate and oversee spacecraft and satellite operations.
- Innovating new space technologies, such as propulsion systems, robotics for extraterrestrial exploration, and advanced telemetry systems.
Size Standards for Eligibility
For government contracting and small business designations, the Small Business Administration (SBA) defines size standards based on revenue or employee count. For NAICS code 927, businesses generally must meet the following:
| NAICS Code | Industry Title | Size Standard (Revenue) |
|---|---|---|
| 927 | Space Research and Technology | Typically, $41.5 million average annual receipts |
Note: Size standards can vary with updates. Always check current SBA guidelines for the most accurate information.
Examples of Businesses Under NAICS Code 927
- Jet Propulsion Laboratory (JPL) – A leading NASA center focused on robotic space exploration.
- SpaceX – A private aerospace manufacturer and space transport services company.
- Northrop Grumman Innovation Systems – Specializes in the design and manufacture of satellites and space mission systems.
- Lockheed Martin Space – Provides spacecraft and satellite technologies for government and commercial use.
These examples illustrate the breadth of activities and organizational types encompassed within this code.
NAICS Code 927 Details Table
| Attribute | Description |
|---|---|
| NAICS Code | 927 |
| Title | Space Research and Technology |
| Sector | Public Administration |
| Industry Description | Establishments engaged in R&D for space sciences and technology, including satellite development and space missions |
| Typical Activities | Space mission design, spacecraft development, satellite manufacturing, space exploration research |
| Size Standard | $41.5 million average annual receipts (subject to change) |
| Primary Customers | Federal government agencies, private space companies |
| Related NAICS Codes | 541712 (Research and Development in Physical, Engineering, and Life Sciences) |
Frequently Asked Questions (FAQ)
What kind of companies fall under NAICS Code 927?
Companies involved in space science research, satellite manufacturing, mission control centers, and developing space exploration technology are included.
Is NAICS Code 927 only for government entities?
No, both private companies and government-affiliated organizations can operate under this code, especially those involved in space research and tech development.
How can knowing NAICS Code 927 help my business?
Understanding this classification can assist businesses in targeting government contracts, aligning with industry standards, and networking within the space technology community.
Where can I verify the size standard for NAICS Code 927?
Visit the Small Business Administration (SBA) Size Standards Tool for the latest official figures.
Are there other related NAICS codes for space technology?
Yes, related codes include 541712, which covers broader physical and engineering R&D sectors.
Conclusion
NAICS Code 927 is at the forefront of one of the most thrilling and rapidly expanding fields: space research and technology. From crafting the next generation of satellites to pioneering missions that reach other planets, businesses classified under this industry are shaping humanity’s future in the cosmos. Whether you are seeking contracting opportunities, launching a space research initiative, or simply exploring this sector, understanding the scope and details of NAICS Code 927 is your first step toward success.
Boost your government contracting potential and deepen your industry knowledge by staying informed about NAICS classifications like Code 927 – your gateway to the space frontier.
