diff --git a/chart/values.yaml b/chart/values.yaml
index 6cded8af81d7c624a887711de0d32b8bb6a01b4d..3b62fefb5ae3d122af81e10c072f934326aa98a7 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -1742,11 +1742,11 @@ addons:
     git:
       repo: https://repo1.dso.mil/big-bang/product/packages/velero.git
       path: "./chart"
-      tag: "7.2.1-bb.0"
+      tag: "7.2.1-bb.1"
     helmRepo:
       repoName: "registry1"
       chartName: "velero"
-      tag: "7.2.1-bb.0"
+      tag: "7.2.1-bb.1"
 
     # -- Flux reconciliation overrides specifically for the Velero Package
     flux: {}