MAAG to Supply Gearboxes for IZAR-Built Norwegian Naval Vessels

Danish engineering group FLS Industries on Tuesday said its Swiss-based MAAG unit won a 120 million crown ($13.8 million) order to supply gearbox systems to a Spanish shipbuilding group.

The order is for five high efficiency, ultra-low noise combined diesel and gas turbine propulsion gearbox systems to be installed in frigates to be built for the Norwegian navy by Spanish shipbuilder IZAR, one of the world's leading producers of naval vessels, FLS said in a statement.

Delivery of the gear sets is due to start in 2002 with the order scheduled for completion in 2006.