diff --git a/chart/templates/velero/values.yaml b/chart/templates/velero/values.yaml
index c0d6150f27330217480d6a4406a37e4a02295e67..f43bd228aaec3c948efbe9de5987623dcd9bb1b6 100644
--- a/chart/templates/velero/values.yaml
+++ b/chart/templates/velero/values.yaml
@@ -62,7 +62,7 @@ initContainers:
 {{- end }}
 {{- if eq . "azure" }}
   - name: velero-plugin-for-azure
-    image: registry1.dso.mil/ironbank/opensource/velero/velero-plugin-for-microsoft-azure:v1.4.1
+    image: registry1.dso.mil/ironbank/opensource/velero/velero-plugin-for-microsoft-azure:v1.5.0
     imagePullPolicy: {{ dig "image" "pullPolicy" "IfNotPresent" $.Values.addons.velero.values }}
     volumeMounts:
       - mountPath: /target
diff --git a/chart/values.yaml b/chart/values.yaml
index 43d4e56e4c14d4f1525ff516939406435e46209d..3b677044ad6150c4ebb4b76556a7c32d45976c7f 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -1302,7 +1302,7 @@ addons:
     git:
       repo: https://repo1.dso.mil/platform-one/big-bang/apps/cluster-utilities/velero.git
       path: "./chart"
-      tag: "2.30.1-bb.1"
+      tag: "2.31.3-bb.0"
 
     # -- Flux reconciliation overrides specifically for the Velero Package
     flux: {}