What is an irad?

Career: Irad

IRAD stands for Internal Research and Development. These are projects or activities funded by a company itself, rather than by an external customer or government contract, to advance new technologies or capabilities. IRADs are commonly used in industries like defense, aerospace, and engineering to maintain competitive advantage and to innovate in areas that align with the organization's strategic goals. The outcomes of IRADs can lead to new products, services, or improvements in existing offerings.