 Modern Kragujevac is known for its large munitions (Zastava Arms) and automobile (FCA Srbija) industries, as well as its status as an education centre housing the University of Kragujevac, one of the region's largest higher education institutions.The name "Kragujevac" comes from 'kraguj' the Serbian name for cinereous vulture.In the Middle Ages, this bird was common in the woods of the area, and was used for hunting.