Stavatti Aerospace Ltd. and Jugoimport-SDPR J.P. entered into an Agreement today to develop and produce a new single engine aircraft. This aircraft will be produced at the UTVA aircraft factory in Pancevo, Serbia and exported worldwide.

This Agreement is the first Addendum to the Agreement on Strategic Partnership and Long Term Business and Technical Cooperation that was entered into on April 19th. The Agreement was signed by Christopher Beskar for Stavatti and Aleksandar Lijakovic for Jugoimport-SDPR in Belgrade.

Founded in 1949, Jugoimport-SDPR is a Serbian Defense & Industrial Complex integrator responsible for developing, producing, and trading combat systems and defense equipment for regional and global customers.

Read more at Airframer.