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.

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AAON is focused on developing new and improved products to compete effectively in the HVAC equipment 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. The company also focuses on component evaluation, control systems development, and new product development. The NAIC research and development laboratory facility offers unique testing capabilities, including sound testing, environmental application testing, and large-scale air conditioning and chiller system testing. The BASX Redmond, Oregon, facility is dedicated to 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 Inc is also investing in cutting-edge communication systems and artificial intelligence tools to enhance control algorithms and sequences of operation. The company's R&D units include the NAIC research and development laboratory, which provides unique testing capabilities for HVAC equipment, and the BASX Redmond, Oregon facility, which focuses on developing high-performance solutions tailored to customer specifications. The Parkville, Missouri location features an Electronics Prototyping Lab that accelerates time to market and integrates advanced technology into control designs. The company has multiple R&D centers, including the NAIC, BASX Redmond, Oregon facility, and the Parkville, Missouri location. AAON holds several patents related to the design and use of its products, although no single patent is material to the overall conduct of its business. The company has partnered with industry leaders to create its Internet of Things (IoT) solution and is utilizing artificial intelligence tools to enhance efficiencies in control development. In FY2024, the company spent US$47.3 million on R&D, which stood at 3.9% of the company’s revenue.