Boeing Co. (BA) - Get Report could be in the market for acquisitions as a "buyer", said Leanne Caret, CEO of Defense, Space and Security, told CNBC's "Squawk Box" Wednesday.

Boeing is "continuing to look at other ways to increase [its] top line through mergers and acquisitions," Caret said, "with a continued pipeline." Boeing remains "very focused" on growth.

Caret's comments come two days after Boeing competitor Northrop Grumman Corp. (NOC) - Get Report announced plans to buy rocket and missile maker Orbital ATK Inc. (OA) in a $7.8 billion cash deal. The tie-in will create increased competition for Boeing by adding a new business sector at Northrop Grumman. Orbital already has billion-dollar deals with NASA and the military.

Caret wanted to "stay away" from any discussion of Boeing's current acquisition talks. But she said the company's growth goals include "looking organically on where [it is] going to invest."

Boeing stock traded up 0.4% to $253.39 early Wednesday.

More of What's Trending on TheStreet: