diff --git a/README.md b/README.md
index 3a0b81dc0..093f6e672 100644
--- a/README.md
+++ b/README.md
@@ -109,7 +109,7 @@ Supported Components
 --------------------
 
 -   Core
-    -   [kubernetes](https://github.com/kubernetes/kubernetes) v1.16.2
+    -   [kubernetes](https://github.com/kubernetes/kubernetes) v1.16.3
     -   [etcd](https://github.com/coreos/etcd) v3.3.10
     -   [docker](https://www.docker.com/) v18.06 (see note)
     -   [cri-o](http://cri-o.io/) v1.14.0 (experimental: see [CRI-O Note](docs/cri-o.md). Only on centos based OS)
diff --git a/inventory/sample/group_vars/k8s-cluster/k8s-cluster.yml b/inventory/sample/group_vars/k8s-cluster/k8s-cluster.yml
index b68b489cd..77aca0839 100644
--- a/inventory/sample/group_vars/k8s-cluster/k8s-cluster.yml
+++ b/inventory/sample/group_vars/k8s-cluster/k8s-cluster.yml
@@ -20,7 +20,7 @@ kube_users_dir: "{{ kube_config_dir }}/users"
 kube_api_anonymous_auth: true
 
 ## Change this to use another Kubernetes version, e.g. a current beta release
-kube_version: v1.16.2
+kube_version: v1.16.3
 
 # kubernetes image repo define
 kube_image_repo: "gcr.io/google-containers"
diff --git a/roles/download/defaults/main.yml b/roles/download/defaults/main.yml
index ebe5fcb5d..0fba058d7 100644
--- a/roles/download/defaults/main.yml
+++ b/roles/download/defaults/main.yml
@@ -49,7 +49,7 @@ download_delegate: "{% if download_localhost %}localhost{% else %}{{ groups['kub
 image_arch: "{{host_architecture | default('amd64')}}"
 
 # Versions
-kube_version: v1.16.2
+kube_version: v1.16.3
 kubeadm_version: "{{ kube_version }}"
 etcd_version: v3.3.10
 
@@ -118,6 +118,7 @@ crictl_checksums:
 # Checksums
 hyperkube_checksums:
   arm:
+    v1.16.3: bfc2e86d5746fa3b7b07154a0c2a5bd03a669f185b1e1b17fdc3844a1c0ed5d8
     v1.16.2: b43a1082eb1dbad3acbc18dc6bfa1bea495aeef529588fb61ca9209e96158221
     v1.16.1: 044b6f0a2500b79c4e9f4e877402f3147481497ec73043920e1458a572cf0abe
     v1.16.0: 4f2e4ffcf7b7f40c70c637c7be9dd51cd1ee29763696011149f315e90339330b
@@ -128,6 +129,7 @@ hyperkube_checksums:
     v1.15.1: fc5af96fd9341776d84c38675be7b8045dee20af327af9331972c422a4109918
     v1.15.0: d923c781031bfd97d0fbe50311e4d7c3616aa5b6d466b99049931f09d73d07b9
   arm64:
+    v1.16.3: 1949b9b1d23c6d467392fedc2b0e8118dbc9a514870830f7fe34f688865061d7
     v1.16.2: d917a4c1b06935482c29e5ccbfc4962050701aa2b301fd302d06cdbac734eccd
     v1.16.1: ca182c2025455f7543f2fcf2acb71d26abedc4619b8e7a1e1fb1a765a398363c
     v1.16.0: 0431fff5b32042369a3f233afb7b3adcda7ae5446f31700819ed986f3624bc69
@@ -138,6 +140,7 @@ hyperkube_checksums:
     v1.15.1: 80ed372c5f6c5178df88616175310057c06bdc9d0905953814a1927eb3aaa657
     v1.15.0: 824af7d925b87a5ade63575b98b59ee81005fc76eac1dc399602308d7a60bc3c
   amd64:
+    v1.16.3: d89e4b936f820408109b4340b114aeb608ef0ceee11c4fc9430c3b42e923ec80
     v1.16.2: 978c11f3dac8313446620efda664aaa63a318dfa5930f9a515faee4e215b7716
     v1.16.1: c6ae34d58fcae93db84ec835ec5540d6c027690dcb281446f096d8f80e9af75f
     v1.16.0: 00b54ca779db1749ed714b19bb2b9a0333b39048af134f9199e4a5441c1b8324
@@ -149,6 +152,7 @@ hyperkube_checksums:
     v1.15.0: 3cc72cc58517b97c608c7a59a20255675bc70f07217c9e11e58cac7746139283
 kubeadm_checksums:
   arm:
+    v1.16.3: ff0bdab35e6ed3784db0db1022c94efcb89c5d6da314a3d6b811af3cb1bfb06e
     v1.16.2: cbddf79fbcdcde7046251b51ef52a16b08ed00bd9132f25cda5be9c82fa731fd
     v1.16.1: 38293a03064f47c3817299475b8dc950563854aff99a87d07cf31f0ebf402015
     v1.16.0: 6c666958e11b7d4513adecb3107c885c98bdc79f38d369c9f80eaaeae4ddfe66
@@ -159,6 +163,7 @@ kubeadm_checksums:
     v1.15.1: 855abd520291dcef0577a1a2ef87a70f522fd2b22603a12abcd86c2f7ec9c022
     v1.15.0: 9464030a1d4e101de5f47348f3514d5a9eb95cbce2e5e31f53ada1ca485cf75e
   arm64:
+    v1.16.3: e9f8e806a4f18a6970d228e0434ce1ba976f6a0fde2690c6a3b1e2d72f23eaa0
     v1.16.2: 4287d025a0c9743325c8891b7139ff718c79e4302e2004c5472a06b410a196b1
     v1.16.1: 000aaffa911d3d46dad0a4af8d59408ee56eea5b8eff5cb1b9fbee9986763165
     v1.16.0: 9a1d21bfb6bd15697ac010665e5917a5364b340d5b60f2f0302c179d75da0f3f
@@ -169,6 +174,7 @@ kubeadm_checksums:
     v1.15.1: 44fbfad0f1026d249fc4f365f1e9562cd52d75360d4d1032731122ba5a4d57dc
     v1.15.0: fe3c79070814fe847a23209b1027672fe5c5e7e5c9611e329225058926836f96
   amd64:
+    v1.16.3: acecd15cf5471d4870959020022676e14cb6901f3c8f97019e5faee8ca956fd7
     v1.16.2: 9cd4a5b087088a9053ff40113ca182f0c2f959e2e51049ed2f850785c2588e04
     v1.16.1: 52ee74a9376b5b7d5296d9dab9bc54614b1c99d168003a78bdaea50f358a6886
     v1.16.0: 18f30d65fb05148c73cc07c77a83f4a2427379af493ca9f60eda42239409e7ef
diff --git a/roles/kubespray-defaults/defaults/main.yaml b/roles/kubespray-defaults/defaults/main.yaml
index 3072d7fbb..25cc7dc72 100644
--- a/roles/kubespray-defaults/defaults/main.yaml
+++ b/roles/kubespray-defaults/defaults/main.yaml
@@ -12,7 +12,7 @@ is_atomic: false
 disable_swap: true
 
 ## Change this to use another Kubernetes version, e.g. a current beta release
-kube_version: v1.16.2
+kube_version: v1.16.3
 
 ## The minimum version working
 kube_version_min_required: v1.15.0