Rocky Shoes & Boots has revised its guidance for its 2005 and 2006 financial years after learning that its $30 million contract with the U.S. military, through which it was supplying boots, had been terminated. Rocky said that it is still sorting out the financial impact of the lost deal, including how much it can expect in recovery costs from the U.S. government. The company lowered its 2005 full year earnings projections by 2 percent to $11.8-12.0 million, while maintaining an annual revenue forecast of $294-296 million. Rocky is dropping its earnings estimate for its 2006 full year by 22 percent to $12.5-13.0 million and decreasing its annual sales range by 8 percent to $287-292 million. The company said that current and full year 2006 cash flows will be enough to pay off debt leftover from its Jan. 2005 acquisition of EJ Footwear.