Boeing Co. (BA) 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) 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:

More from Stocks

The 5 Big Earnings Reports Jim Cramer Will Be Watching This Week

The 5 Big Earnings Reports Jim Cramer Will Be Watching This Week

Global Stocks Mixed as China GDP Slows, Brexit Uncertainty Hangs Over Europe

Global Stocks Mixed as China GDP Slows, Brexit Uncertainty Hangs Over Europe

Takeda Pharmaceutical CEO Talks Big Pharma Trends

Takeda Pharmaceutical CEO Talks Big Pharma Trends

Why Bankrate's CFA Expects Two More Rate Hikes in 2019

Why Bankrate's CFA Expects Two More Rate Hikes in 2019

Norwegian Cruise Lines Could Be Docking With a Dividend in 2019

Norwegian Cruise Lines Could Be Docking With a Dividend in 2019