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Boeing (BA) Stock Up, Defense CEO: Looking for M&A

NEW YORK (TheStreet) -- Shares of Boeing (BA) are rising 1.66% to $132.25 today after the company's CEO of defense, space and security Leanne Caret said the company's defense division is on the lookout for smaller "bolt-on" acquisitions.

The company is focused on the services sector.

The Seattle-based aircraft producer is looking for new strategies ahead of the eventual retirement of its F/A-18 and F-15 fighter planes, its largest source of defense sales, in the upcoming years.

Caret said she hopes to make the company the sector leader in commercial derivatives, rotor craft, autonomous vehicles...