Boeing faces $1B hit on 747-8

Boeing expects to take a $1 billion pre-tax charge against its the third quarter results due to higher production costs and tough market conditions related to its 747-8 program, the company said in a statement released Tuesday.

Six Months Ended June 30, 2009 2008 Reported Reported GAAP AdjustedGAAP Adjusted(LOSS) EARNINGS PER COMMON SHARE EPS* EPS EPS* EPS Baltimore Gas and Electric $0.47$0.47 $(0.19)$0.46 (3) Merchant Energy (1.00) 1.37(1) 1.95 2.30 (4) Other Nonregulated(0.05) (0.01)(2) --Diluted (Loss) Earnings Per Share$(0.58)$1.83 $1.76$2.76* Unaudited. Despite layoffs and otherreductions to spending, the district's unreserved general fund balance declinedfrom $31 million or 11.4% of spending at fiscal year end 2008 to an estimated$24 million or 8.6% of spending at fiscal year end 2009. There can be no assurance that we willachieve targeted levels of revenues for fiscal 2009 or that our strategicinitiatives will result in the anticipated benefits. Information regarding the specialinterests of persons who may be deemed to be such participants in the proposedtransactions will be included in the joint proxy statement described above.Additional information regarding the directors and executive officers ofHiland Partners and Hiland Holdings is also included in each Hiland company'sAnnual Report on Form 10-K for the year ended December 31, 2008, which werefiled with the SEC on March 9, 2009, and subsequent statements of changes inbeneficial ownership on file with the SEC. "We hope that Intrinisiq'scomprehensive design and testing approach will result in a product thatwill have superior performance characteristics that will enable us topenetrate what we believe is a large potential market."About Intrinsiq Materials http:// Materials is a leading advanced materials company developingdisruptive technology solutions for a broad range of products that protecthealth and promote wellness.

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