diff --git a/chart/values.yaml b/chart/values.yaml
index 05c2079d12522f7aea1d5f2768d42d39bc3de8e7..d0161e350ca66ea42834dcaf4b54fe8715d64d35 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -341,11 +341,11 @@ jaeger:
   git:
     repo: https://repo1.dso.mil/big-bang/product/packages/jaeger.git
     path: "./chart"
-    tag: "2.53.0-bb.1"
+    tag: "2.54.0-bb.1"
   helmRepo:
     repoName: "registry1"
     chartName: "jaeger"
-    tag: "2.53.0-bb.1"
+    tag: "2.54.0-bb.1"
 
   # -- Flux reconciliation overrides specifically for the Jaeger Package
   flux: