This initiative provides an opportunity to exchange information on best practices in the area of ethical business practices and global trends among participants in the defence and aerospace industry.

The International Forum on Business Ethical Conduct (IFBEC) was created by member companies of the Aerospace Industries Association of America (AIA) and the Aerospace and Defence Industries Association of Europe (ASD) in 2010. IFBEC members have developed a set of Global Principles of Business Ethics for the Aerospace and Defence Industry, which were endorsed by AIA and ASD in October 2009.

The IFBEC seeks to promote and foster, through its Global Principles, the development of global, industry-wide ethical standards for companies that are active in the aerospace and defence business sector. The IFBEC also aims to organise opportunities for industry and relevant stakeholders to exchange information and best practices concerning ethical business challenges, practices and opportunities worldwide.