diff --git a/chart/values.yaml b/chart/values.yaml
index 94610ea82ebd7675f2e271dfd19cee58c8f84ae4..c5bab17f2d62a1e92eb2cd7cff52424e3247c41e 100644
--- a/chart/values.yaml
+++ b/chart/values.yaml
@@ -1703,11 +1703,11 @@ addons:
     git:
       repo: https://repo1.dso.mil/big-bang/product/packages/velero.git
       path: "./chart"
-      tag: "4.0.3-bb.0"
+      tag: "4.0.3-bb.1"
     helmRepo:
       repoName: "registry1"
       chartName: "velero"
-      tag: "4.0.3-bb.0"
+      tag: "4.0.3-bb.1"
 
     # -- Flux reconciliation overrides specifically for the Velero Package
     flux: {}