AAON Inc (AAON) is a Nevada corporation that specializes in heating, ventilation, and air conditioning (HVAC) solutions for commercial and industrial indoor environments. The company is known for designing and manufacturing highly configurable equipment that enhances efficiency, performance, and long-term value. AAON's business and product portfolio includes semi-custom and custom HVAC systems, controls solutions, and aftermarket parts. Notable brands associated with the company include AAON and BASX, which offer specialized HVAC solutions The company's products serve a diverse range of industries, including healthcare, education, data centers, and cleanrooms.

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AAON has undertaken several R&D initiatives focused on developing new and improved HVAC products to compete effectively in the industry and meet evolving regulatory standards. The company's R&D activities include the development and refinement of rooftop units, air handling units, condensing units, and self-contained units, as well as component evaluation, control systems development, and new product development. The NAIC research and development laboratory facility, with its unique capabilities, plays a crucial role in testing and validating the performance of HVAC equipment under various environmental conditions. The BASX Redmond, Oregon facility focuses on developing high-performance solutions tailored to customer specifications, while the Parkville, Missouri location features an Electronics Prototyping Lab to accelerate time to market and integrate advanced technology into control designs. AAON is also investing in cutting-edge communication systems and IoT solutions, utilizing AI tools and machine learning to enhance control algorithms and provide innovative solutions. The R&D units of the company include the NAIC research and development laboratory, which is responsible for testing and validating HVAC equipment performance, the BASX Redmond, Oregon facility, which focuses on developing high-performance solutions, and the Parkville, Missouri location, which features an Electronics Prototyping Lab for integrating advanced technology into control designs. The company has three R&D centers: the NAIC research and development laboratory, the BASX Redmond, Oregon facility, and the Parkville, Missouri location. In FY2025, the company spent US$58.2 million on R&D, which stood at 4.03% of the company’s revenue.