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.