Fls Industries News

MAAG Gear Ag,a Swiss based company of FLS Industries, Denmark, has been awarded the contract by the Spanish shipyard IZAR, one of the biggest shipyards world-wide for naval ships. The contract covers the supply of five gearbox systems for new F-310 type frigates of the Norwegian Navy. The new frigates will be equipped with the most modern systems available today, including a combined Diesel and gasturbine (CODAG)propulsion system with high efficiency and low noise level gear units. The delivery of the first gearset will be end of 2002, followed by one gearset each year until 2006. The order is included in this years sales budget for naval gears, and the total order intake by mid year for MAAG is considerably higher than budgeted.

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.