Motorola Solutions, Inc. (NYSE:MSI) is looking for M&A. During the Morgan Stanley conference, Jason Winkler, CFO, said, "We like our position. We like the competitive differentiation. It's a tough market to enter and sustain the leadership position in.
Part of that's enabled through our over $900 million of R&D per year. Part of it is us continuing to be M&A mindful of things that can make us better and companies that strengthen our portfolio. So having the balance sheet to do the M&A part, having the discipline to do the R&D part, and do R&D with the highest yield, for example, half of our R&D now goes to our fastest-growing businesses, which is -- we talked about video, and we talked about 911 center.
Those are areas where we're making more R&D investments. LMR, we still invest sizable amount in LMR and with our leadership position, when we bring to market a D-Series, that can lead to growth. When we bring to market an APX NEXT and customers like it.
that can help with growth. So I think it's about the staying power of the R&D, the balance sheet and having discipline around staying in areas where we can differentiate ourselves and be strong. If you think about our Chairman and CEO.
He's built a great company with a lot of our being on the team of getting out of some really bad businesses, differentiating around where we could win public safety later acquiring around video and now Silvus, sustainable competitive advantage and good margins, cash and growth are how we try and make decisions".
