diff --git a/Makefile b/Makefile
index b59d7779..7d761845 100644
--- a/Makefile
+++ b/Makefile
@@ -17,7 +17,7 @@ APPWRAPPER_REPO ?= github.com/project-codeflare/appwrapper
 APPWRAPPER_CRD ?= ${APPWRAPPER_REPO}/config/crd?ref=${APPWRAPPER_VERSION}
 
 # KUEUE_VERSION defines the default version of Kueue (used for testing)
-KUEUE_VERSION ?= v0.7.0
+KUEUE_VERSION ?= v0.8.1
 
 USE_RHOAI ?= true
 # KUBERAY_VERSION defines the default version of the KubeRay operator (used for testing)
diff --git a/README.md b/README.md
index 5c7d4fbe..171d23c1 100644
--- a/README.md
+++ b/README.md
@@ -8,11 +8,11 @@ CodeFlare Stack Compatibility Matrix
 
 | Component                    | Version                                                                                           |
 |------------------------------|---------------------------------------------------------------------------------------------------|
-| CodeFlare Operator           | [v1.8.0](https://github.com/project-codeflare/codeflare-operator/releases/tag/v1.8.0)             |
-| CodeFlare-SDK                | [v0.20.2](https://github.com/project-codeflare/codeflare-sdk/releases/tag/v0.20.2)                |
-| AppWrapper                   | [v0.24.0](https://github.com/project-codeflare/appwrapper/releases/tag/v0.24.0)                   |
+| CodeFlare Operator           | [v1.9.0](https://github.com/project-codeflare/codeflare-operator/releases/tag/v1.9.0)             |
+| CodeFlare-SDK                | [v0.21.0](https://github.com/project-codeflare/codeflare-sdk/releases/tag/v0.21.0)                |
+| AppWrapper                   | [v0.25.0](https://github.com/project-codeflare/appwrapper/releases/tag/v0.25.0)                   |
 | KubeRay                      | [v1.1.0](https://github.com/opendatahub-io/kuberay/releases/tag/v1.1.0)                           |
-| Kueue                        | [v0.7.0](https://github.com/opendatahub-io/kueue/releases/tag/v0.7.0)                             |
+| Kueue                        | [v0.8.1](https://github.com/opendatahub-io/kueue/releases/tag/v0.8.1)                             |
 <!-- Compatibility Matrix end -->
 
 ## Development
diff --git a/config/manager/params.env b/config/manager/params.env
index 9bc685f2..55360f27 100644
--- a/config/manager/params.env
+++ b/config/manager/params.env
@@ -1,2 +1,2 @@
-codeflare-operator-controller-image=quay.io/opendatahub/codeflare-operator:v1.8.0
+codeflare-operator-controller-image=quay.io/opendatahub/codeflare-operator:v1.9.0
 namespace=opendatahub