UTC CFO: 'We Are Not Airbus'

United Technologies Corp. Chief Financial Officer Akhil Johri told analysts today at a Bank of America conference that one of the reasons UTC announced it would review and possibly spin off Sikorsky is the business' role as a platform maker.

"Sikorsky's a platform-based business, it's a manufacturer of aircraft," he said. "We think of ourselves more as a systems and technology provider. We are not Airbus, we're not Boeing."

The news also demonstrates the company's willingness to take a dispassionate assessment of its work, Johri added. The announcement "suggests we are open to looking at each and every business that we have in our portfolio today," he said.