diff --git a/README.md b/README.md
index 3dce314c4..3841d86fa 100644
--- a/README.md
+++ b/README.md
@@ -167,7 +167,7 @@ Note: Upstart/SysV init based OS types are not supported.
   - [cri-o](http://cri-o.io/) v1.29.1 (experimental: see [CRI-O Note](docs/cri-o.md). Only on fedora, ubuntu and centos based OS)
 - Network Plugin
   - [cni-plugins](https://github.com/containernetworking/plugins) v1.2.0
-  - [calico](https://github.com/projectcalico/calico) v3.27.2
+  - [calico](https://github.com/projectcalico/calico) v3.27.3
   - [cilium](https://github.com/cilium/cilium) v1.15.4
   - [flannel](https://github.com/flannel-io/flannel) v0.22.0
   - [kube-ovn](https://github.com/alauda/kube-ovn) v1.11.5
diff --git a/roles/kubespray-defaults/defaults/main/checksums.yml b/roles/kubespray-defaults/defaults/main/checksums.yml
index 81ce64c9b..383f3b7b6 100644
--- a/roles/kubespray-defaults/defaults/main/checksums.yml
+++ b/roles/kubespray-defaults/defaults/main/checksums.yml
@@ -474,6 +474,7 @@ cni_binary_checksums:
     v1.0.0: 1a055924b1b859c54a97dc14894ecaa9b81d6d949530b9544f0af4173f5a8f2a
 calicoctl_binary_checksums:
   arm:
+    v3.27.3: 0
     v3.27.2: 0
     v3.27.1: 0
     v3.27.0: 0
@@ -495,6 +496,7 @@ calicoctl_binary_checksums:
     v3.23.5: 0
     v3.23.4: 0
   arm64:
+    v3.27.3: 1fc5f58a18d8b1c487b4663fc5cbe23b45bd9d31617debd309f6dfac7c11a8ef
     v3.27.2: 0fd1f65a511338cf9940835987d420c94ab95b5386288ba9673b736a4d347463
     v3.27.1: 0
     v3.27.0: b4b8c71f9658165e45336b9b5e4fad865529feeffe4294247eb5b4c4310dcaf9
@@ -516,6 +518,7 @@ calicoctl_binary_checksums:
     v3.23.5: 0941ad0deeb03d8fda96340948cdbc15d14062086438150cf3ec5ee2767b22c3
     v3.23.4: c54b7d122d9315bbab1a88707b7168a0934a80c4f2a94c9e871bcc8a8cf11c11
   amd64:
+    v3.27.3: e22b8bb41684f8ffb5143b50bf3b2ab76985604d774d397cfb6fb11d8a19f326
     v3.27.2: 692f69dc656e41cd35e23e24f56c98c4aeeb723fed129985b46f71e6eb5e1594
     v3.27.1: 0
     v3.27.0: 46e79ae146b3dd90998f56511cf5d6db64deb97cb784235caf1f99e0672d66e4
@@ -537,6 +540,7 @@ calicoctl_binary_checksums:
     v3.23.5: 4c777881709ddaabcf4b56dcbe683125d7ed5743c036fee9273c5295e522082f
     v3.23.4: 1ea0d3b6543645612e8239978878b6adefdb7619a16ecbdb8e6dc2687538f689
   ppc64le:
+    v3.27.3: 5f2ac510c0ec31ec4c02ff2660f2502b68b655616d5b766a51bd99d2e3604fbc
     v3.27.2: f918bb88de1d01de3d143e1e75d0ee1256f247c5cbabec7d665aaf8d1fd3cc6c
     v3.27.1: 0
     v3.27.0: 3de46d8bc30c6f9d9387d484ed62a5655c1f204b1b831b5a90f0a0d1c1ffd752
@@ -603,6 +607,7 @@ ciliumcli_binary_checksums:
     v0.15.16: 0
     v0.15.15: 0
 calico_crds_archive_checksums:
+  v3.27.3: d11a32919bff389f642af5df8180ad3cec586030decd35adb2a7d4a8aa3b298e
   v3.27.2: 8154bb4aad887f2a5500b505fe203a918f72c4e602b04c688c4b94f76a26e925
   v3.27.1: 76abb0db222af279e3514cfae02be9259097b565bbb2ffcb776ca00566480edb
   v3.27.0: 2a4b5132035dfd6ac4abc8d545f33de139350eca523e0c5cfe4ac32e43fcb2f1
diff --git a/roles/kubespray-defaults/defaults/main/download.yml b/roles/kubespray-defaults/defaults/main/download.yml
index 31b4ec944..0e32e843e 100644
--- a/roles/kubespray-defaults/defaults/main/download.yml
+++ b/roles/kubespray-defaults/defaults/main/download.yml
@@ -101,7 +101,7 @@ github_image_repo: "ghcr.io"
 
 # TODO(mattymo): Move calico versions to roles/network_plugins/calico/defaults
 # after migration to container download
-calico_version: "v3.27.2"
+calico_version: "v3.27.3"
 calico_ctl_version: "{{ calico_version }}"
 calico_cni_version: "{{ calico_version }}"
 calico_flexvol_version: "{{ calico_version }}"