diff --git a/Dockerfile b/Dockerfile
index 7dec014..ab00e5b 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -8,9 +8,9 @@ RUN apt-get update && apt-get upgrade -y --no-install-recommends \
 
 # Layers used for building/downloading/installing tools
 FROM baseline as tool_builder
-ARG HELM_VERSION=3.13.2
+ARG HELM_VERSION=3.14.2
 ARG KUBECTL_VERSION=1.27.11
-ARG TERRAFORM_VERSION=1.6.6-*
+ARG TERRAFORM_VERSION=1.7.4-*
 
 WORKDIR /build
 
diff --git a/docs/REQUIREMENTS.md b/docs/REQUIREMENTS.md
index bcd0ff4..74a5558 100644
--- a/docs/REQUIREMENTS.md
+++ b/docs/REQUIREMENTS.md
@@ -672,6 +672,6 @@ The third-party applications that are listed in the following table are supporte
 | Application | Minimum Version |
 | ---: | ---: |
 | [Ansible](https://www.ansible.com/) | Core 2.16.1 |
-| [Terraform](https://www.terraform.io/) | 1.6.6 |
+| [Terraform](https://www.terraform.io/) | 1.7.4 |
 | [Docker](https://www.docker.com/) | 20.10.17 |
-| [Helm](https://helm.sh/) | 3.13.2 |
+| [Helm](https://helm.sh/) | 3.14.2 |
diff --git a/roles/kubernetes/common/defaults/main.yaml b/roles/kubernetes/common/defaults/main.yaml
index 2daaa94..c231791 100644
--- a/roles/kubernetes/common/defaults/main.yaml
+++ b/roles/kubernetes/common/defaults/main.yaml
@@ -2,4 +2,4 @@
 # SPDX-License-Identifier: Apache-2.0
 
 ---
-helm_version: 3.13.2
+helm_version: 3.14.2