Israel Aerospace Industries Ltd (IAI) designs, develops and manufactures commercial and military aircraft, business jets, satellites and defense electronics. It manufactures helicopters, missiles and land systems, apart from providing repair and maintenance services. The company converts passenger aircraft to cargo aircraft.

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R&D arm of the company focuses on investing on new technologies of the future for both in military and civilian markets. The company operates IAI Innovation Lab in Tel Aviv, Israel. IAI partnered with Starburst, a specialized in the fields of European aerospace and defense. As of December 2022, the company had 48 patents granted and 34 patent applications. In FY2022, the company incurred expenses of US$215 million on its R&D, which as a percentage of revenue, stood at 4.3%.