diff --git a/README.md b/README.md
index c1416d8d1b3077cb974737203af4429357319cad..1e1bf6c021524d79ea4c178e7c40ca8eb3bde884 100644
--- a/README.md
+++ b/README.md
@@ -176,6 +176,7 @@ beautifully renders the inputs for each templates - check it out!
 
 The following OpenTofu versions are available with this component via the `opentofu_version` input:
 
+- [`1.7.3`](https://github.com/opentofu/opentofu/releases/tag/v1.7.3)
 - [`1.7.2`](https://github.com/opentofu/opentofu/releases/tag/v1.7.2)
 - [`1.7.1`](https://github.com/opentofu/opentofu/releases/tag/v1.7.1)
 - [`1.7.0`](https://github.com/opentofu/opentofu/releases/tag/v1.7.0)
diff --git a/opentofu_versions.yaml b/opentofu_versions.yaml
index b0e5457f8b7e47d706539b1e1e42138e90441a33..d6a704f4926cd4095e38c380703caef127847acf 100644
--- a/opentofu_versions.yaml
+++ b/opentofu_versions.yaml
@@ -1,6 +1,7 @@
 .data:
-  latest_version: '1.7.2'
+  latest_version: '1.7.3'
   supported_versions: &supported_versions
+    - '1.7.3'
     - '1.7.2'
     - '1.7.1'
     - '1.7.0'
diff --git a/templates/apply.yml b/templates/apply.yml
index 0dca33a1300cf7dc4b29334bcbdb1c4f4d8e0ef9..882a90716e2ed9aeab91f476cf1e8ee0a4f7a517 100644
--- a/templates/apply.yml
+++ b/templates/apply.yml
@@ -16,8 +16,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/custom-command.yml b/templates/custom-command.yml
index ca21089c885f1bff61efcd26ccb75e8491c2c029..5ab2f61867430961e2f1bcd67f07203475f1c8ac 100644
--- a/templates/custom-command.yml
+++ b/templates/custom-command.yml
@@ -16,8 +16,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/destroy.yml b/templates/destroy.yml
index d444793f8c5d5ce310339e4b113356984a556d1b..a7b4ac935c1a9affd0d77ec085d8087dea96adf2 100644
--- a/templates/destroy.yml
+++ b/templates/destroy.yml
@@ -16,8 +16,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/fmt.yml b/templates/fmt.yml
index a14d672c8f8a0c96fd6374e6829acf35be5893d0..b8c53e71546ca334ca1c6327887c98a9c5b8f6de 100644
--- a/templates/fmt.yml
+++ b/templates/fmt.yml
@@ -16,8 +16,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/full-pipeline.yml b/templates/full-pipeline.yml
index f7d90d0b5b4ae46bc6f5ab08ada0df84be2df5ac..f6f88ea704fffe9718209368511de1f46c177643 100644
--- a/templates/full-pipeline.yml
+++ b/templates/full-pipeline.yml
@@ -25,8 +25,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/graph.yml b/templates/graph.yml
index 96ed04e131f4e9eabb28e21b00ec8684167e954d..2ce220afbb30fd3a71494d1b18c0653d3c608df5 100644
--- a/templates/graph.yml
+++ b/templates/graph.yml
@@ -16,8 +16,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/job-templates.yml b/templates/job-templates.yml
index 8e3c507697a791a8dc45de5d7c74a7edd73fd9c0..122eddfd8660c33a7f316d8e969c3da1c0fd1a79 100644
--- a/templates/job-templates.yml
+++ b/templates/job-templates.yml
@@ -25,8 +25,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/plan.yml b/templates/plan.yml
index 6c73d5b0053d347affb57d79576d5490ed511caf..a8fedbc39a32ddeea1dcdeb136707831950f0a8c 100644
--- a/templates/plan.yml
+++ b/templates/plan.yml
@@ -16,8 +16,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/test.yml b/templates/test.yml
index 97366222aa9ef472b005355935a208eed149b932..dd9e5e7b7d02284999fdf9c3a0020fabd5e452d1 100644
--- a/templates/test.yml
+++ b/templates/test.yml
@@ -16,8 +16,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/validate-plan-apply.yml b/templates/validate-plan-apply.yml
index 8946b01ed9e9aeca102ed5961794617d9405ddf4..ef3ca06420c23b9161d7892cc364f3f0077932f8 100644
--- a/templates/validate-plan-apply.yml
+++ b/templates/validate-plan-apply.yml
@@ -19,8 +19,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/validate-plan-destroy.yml b/templates/validate-plan-destroy.yml
index f61b4c19ceb88a0fa310631af1f6beab2fa1c2e5..ab85b5a7dd672240e6686550d5f0cb14200872e6 100644
--- a/templates/validate-plan-destroy.yml
+++ b/templates/validate-plan-destroy.yml
@@ -19,8 +19,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/validate-plan.yml b/templates/validate-plan.yml
index a5edc2aa51d91612f9257d12ccaac815392c83f9..6f7b3fe17bfc71353561f2b05b4e14d5382675dc 100644
--- a/templates/validate-plan.yml
+++ b/templates/validate-plan.yml
@@ -16,8 +16,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'
diff --git a/templates/validate.yml b/templates/validate.yml
index 8ce6e44c21aac98bf62318b006dc49d2c1c3c807..69634ce39340f2d6146acf44fffddff3831a317b 100644
--- a/templates/validate.yml
+++ b/templates/validate.yml
@@ -16,8 +16,9 @@ spec:
       description: 'Version of this component. Has to be the same as the one in the component include entry.'
 
     opentofu_version:
-      default: '1.7.2'
+      default: '1.7.3'
       options:
+        - '1.7.3'
         - '1.7.2'
         - '1.7.1'
         - '1.7.0'