That is the whole story the available sourcing can firmly support, and it is specific enough. The cut is tied to timing in the Boxer program, not to any stated collapse in orders. For a defense manufacturer, that distinction matters: revenue can slip even when expected business has not disappeared, simply because a program moves more slowly than planned.
The Bloomberg report available here does not provide the revised target figures, and it does not supply further detail beyond the company’s explanation that Boxer delays would shift orders into next year.
Dua Mifsud
Gabriel Fenech
Alex de Valletta