NAICS Code 332721 - Precision Turned Product Manufacturing - epipeline Industry Report

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NAICS Newsletter May 19, 2015

NAICS 332721

Precision Turned Product Manufacturing

Government Contract and Procurement Analysis Report

Report Summary

This report, offered by epipeline, contains a brief analysis of the Federal government's procurement practices with regards to purchasing Precision Turned Product Manufacturing.

You will find information on the top federal government agencies that purchase these services, as well as their procurement strategy (i.e. full and open competition, set-asides and more). Finally, there is a review of the top companies that are awarded federal government contracts for Precision Turned Product Manufacturing.

To get a more comprehensive analysis and learn more about how epipeline can help you identify current and future bid opportunities, register for a live Demo.

This report takes an in-depth look at the 'Precision Turned Product Manufacturing' industry, NAICS 332721. epipeline's Contract History Plus* provides you with a broad context and several perspectives that enable you to develop the best positioning and strategy for your company to more effectively compete for government contracts. The following graph illustrates one such perspective: the top Government departments/agencies buying these services over the last four fiscal years.

Top 10 Federal Agencies by % of Total Market FY11 through FY15 for NAICS 332721


This U.S. industry comprises establishments known as precision turned manufacturers primarily engaged in machining precision products of all materials on a job or order basis. Generally precision turned product jobs are large volume using machines, such as automatic screw machines, rotary transfer machines, computer numerically controlled (CNC) lathes, or turning centers.

Cross References:

Establishments primarily engaged in manufacturing metal bolts, nuts, screws, rivets, washers, and other industrial fasteners on machines, such as headers, threaders, and nut forming machines, are classified in U.S. Industry 332722, Bolt, Nut, Screw, Rivet, and Washer Manufacturing.

The size standard associated with NAICS 332721 is 500 employees (effective January 1, 2012), which means that a company, including its affiliates, would be considered a "small business" if their average number of employees does not exceed 500 for each of the pay periods for the preceding completed 12 calendar months.

Total reported spending under NAICS 332721 for the period of Fiscal Year 2011 (FY11) through Fiscal Year 2015 (FY15) was $28.5 million. Current FY15 reported spending is $260,000 for services under NAICS 332721. The chart below illustrates the reported** spending by year for FY11 through FY15.

Reported Contract Spending for NAICS 332721 FY11 through FY15

Source: epipeline's Contract History Plus*


The Defense Logistics Agency was the largest procurer of these services for the last five fiscal years (FY11 through FY15) with $16.6 million in contract spending, comprising 58.18% of the market for NAICS 332721. The Navy took the second spot with 18.86% market share and $5.4 million in contract dollars. The Air Force ($3.6 million, 12.63 % market share), US Coast Guard($800 thousand, 2.83% market share), and the Bureau of Reclamation ($630 thousand, 2.21% market share) rounded out the top five. NASA spent over $600 thousand with 2.11% market share. The United States Mint ($260 thousand), the National Insitute of Standards and Technology ($168 thousand), the Federal Bureau of Investigation ($149 thousand), and the Agricultural Research Service ($69 Million) each reported between .24 % and .9% market share. Overall, the top ten agencies represented 99% of the market.

Top 10 Federal Agencies by % of Total Market FY11 through FY15 for NAICS 332721

Source: epipeline's Contract History Plus*


The two charts below identify the top 10 Companies, by market share, for the period of FY11 through FY15. The first chart represents the top 10 companies that were awarded their contracts under ANY type of competition, whether it was full and open, small business set-aside, sole-sourced, etc. This list primarily consists of large businesses. The second chart, however, lists the top 10 companies that won their contracts under RESTRICTED competition. Specifically, epipeline limited this to those contracts awarded under the acquisition strategies listed below. The contract dollars represented on this second chart may not include all contract dollars for the individual contractor.

  • 8(a) Competed
  • 8(a) Small Disadvantaged (SDB) set-aside
  • 8(a) sole-source
  • SDB set-aside
  • SDB, 8(a) with HUBZone
  • Combination HUBZone and 8(a)
  • HUBZone set-aside
  • HUBZone sole-source
  • Service Disabled Veteran-Owned Small Business (SDVOSB) set-aside
  • SDVOSB sole-source
  • Emerging Small Business set-aside
  • Very Small Business set-aside
  • Reserved for Small Businesses ($2501 to $100,000)
  • Total Small Business set-aside

Republic Machinery Co. Inc. achieved the top spot on the unrestricted competition list with $3.3 million in contract dollars and 11.3% market share for FY11 to FY15. Advanced Torque Products LLC took the second spot with $1.5 million in contract spending and 5.3% market share, and JGILS, LLC took the third spot with $1.3 million in contract spending and 4.4% market share. $1.3 million (4.4% market share) went to Honeywell International Inc.. Rounding out the top five, The Canadian Commercial Corporation posted $1.3 million in contract dollars and 4.34% market share. In the bottom half of the top ten, Astro Machine Works ($1.2 million), Rolls-Royce Naval Marine Inc ($1.1 million), Hontek Corporation ($900 thousand), M.S Aerospace Inc. ($680 thousand), and Litton Systems Inc ($550 thousand) each earned between 1.89% and11.26% market share. Together, the top ten spots comprised just under half (45.2%) of the market.

PLEASE NOTE: as this is a listing by Company name, rather than PARENT company, some companies may have more than one ranking, which may not be reflected in the chart below.

Top 10 NAICS 332721 Contractors by % of Total Market for FY11 through FY15 - All Acquisition Strategies

Source: epipeline's Contract History Plus*

The combined spending for contracts awarded under "restricted competition," as outlined above, totaled $5.6 million for FY11 through FY15. Five of the top ten small businesses, Otis Products Inc ($419 thousand), Axxon International Inc ($330 thousand), ESCP Corp ($260 thousand), Astro Machine Works Inc ($219 thousand), and Ace Precision Machines Inc, ($212 thousand). B.T.M.C. Corporation also earned over 185 thousand in contract dollars with 3.34 % market share. M.S. Aerospace Inc ($175 thousand) and Dialogic Inc ($165 thousand) both reported over 2.98% market share, with 3.16% and 2.98 %, respectively American Alloy Inc ($153 thousand) and Morton Fastners Inc ($124 thousand) finished up the top ten with 2.75% and 2.24% market share.

PLEASE NOTE: as this is a listing by Company name, rather than PARENT company, some companies may have more than one ranking, which may not reflected in the chart below.

Top 10 NAICS 332721 Contractors by % of Total Market for FY11 through FY15 - Restricted Competition

Source: epipeline's Contract History Plus*


80.2% of contract dollars reported for the FY11 through FY5 timeframe under NAICS 332721 was procured under a full and open strategy; this equated to $22.8 million in contract dollars. Requirements procured under Small Business Set-Aside accounted for 16.9% of the market and $4.8 million in spending. Requirements set aside for HUBZone Sole Source took 1.5% of the market and $412 thousand in contract dollars. Service Disabled Veteran Owned Small Business took 1.2% of the market with $340 thousand in contract dollars, while requirements sole sourced to 8(a) companies took .46 % of the market with $131 thousand contract dollars. Requirements that did not include a designated acquisition strategy ($85 thousand) and partial small businesses ($8 thousand) comprised the sixth and seventh largest sectors with .3 % and .03% market share. $4 thousand in contract dollars (.01 % market share) was procured using a Women Owned Small Business Set-Aside.

Acquisition Breakout under NAICS 332721 for FY11 through FY15

Source: epipeline's Contract History Plus*


These contracts are being performed across the United States with a reported spending for the FY11 through FY15 period of $150 million.

The state with the highest total of reported contract spending was California with $7.8million, or 27.5% market share. Rounding out the top five, Pennsylvania ($2.9 million), Connecticut ($2.6 million), Louisiana ($1.3million), and Indiana ($1.3 million) each also reported over $1 million in contract dollars. Texas ($1 million), New York ($1 million), Florida ($ 1 million), Massachusetts ($967 thousand ), and Ohio ($934 thousand) each reported between 3% and 4% market share. Together, the top 10 states represented 73.59% of the market; 66.92% of requirements under NAICS 332721 were over $1 million.

Contract Place of Performance under NAICS 332721 for FY11 through January 2011

Source: epipeline's Contract History Plus*

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