09:56 AM EST - MacDonald, Dettwiler and Associates Ltd. : said that it its third-quarter earnings would be lower due to the prevailing housing and lending conditions in the United Kingdom. The company stated that it is in the process of restructuring and right sizing its U.K. products business to achieve breakeven at current volumes. The third-quarter results are scheduled for October 29, 2008. MacDonald, Dettwiler and Associates Ltd.
shares T.MDA are trading down $4.08 at $23.35.
