Team Rocket was formed in 1998. Its F1 kitbuilt was developed by Inrenational High Performance Aircraft of Lobecek 732, CZ-728 01 Kralupy nad Vlatava, Czech Republic, and Venice, Florida.
A tapered-wing version, the F1evo, was introduced in 2003, at which time Team Rocket had a workforce of three and a 697 m² (7,500 sq ft) factory.

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