William Patalon III says Boeing (NYSE:BA) faces a difficult period of negotiations to end a machinist strike that could last more than a month. With Wall Street estimating daily losses of $100 million in sales, this could seriously damage the company’s finances.

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The Boeing Co. (BA) doesn’t believe it can win the controversial competition for a $35 billion U.S Air Force tanker contract without a six-month extension, and now has threatened to pull out of the competition altogether.

The Chicago-based Boeing said it wants the extension to incorporate what the aerospace giant contends are essentially new requirements calling for a bigger tanker with a larger fuel-carrying capacity. The Pentagon has told the bidders it will grant two months for the bidders to assemble and submit their new proposals, a Boeing official told the Atlanta Business Chronicle.

The Boeing Co. (BA), one of Money Morning’s “Global Titans,” today released a report that predicted $3.2 trillion in aircraft sales over the next 20 years, as air travel picks up despite current price pressures.

Editor’s Note: Money Morning’s William Patalon III says Dubai’s oil-sponsored development bonanza could yield some great returns on well-placed investments. At the top of the list is Dubai’s ambitious $82-billion plans for the aerospace industry.

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