S&P Dow Jones Indices said Tuesday that Honeywell Aerospace (HONA) will join the S&P 500 and S&P 100 on June 29 following its spin-off from Honeywell International (HON).

Honeywell Aerospace will replace Conagra Brands in the S&P 500 and Honeywell International in the S&P 100. Conagra Brands will move to the S&P SmallCap 600, replacing Grid Dynamics Holdings.