diff --git a/CHANGELOG.md b/CHANGELOG.md
index 025d1a8..46bf6c7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,8 @@ list yields a list of all related PRs for each release.
 
 # [unreleased]
 
+# [v2.16.3] 2023-03-03
+
 ## Added
 
 - Syrlinks ASSY object ID
diff --git a/eive_tmtc/__init__.py b/eive_tmtc/__init__.py
index 9edb510..e38df3f 100644
--- a/eive_tmtc/__init__.py
+++ b/eive_tmtc/__init__.py
@@ -1,4 +1,4 @@
-__version__ = "2.16.2"
+__version__ = "2.16.3"
 
 import logging
 from pathlib import Path
@@ -6,7 +6,7 @@ from pathlib import Path
 SW_NAME = "eive-tmtc"
 VERSION_MAJOR = 2
 VERSION_MINOR = 16
-VERSION_REVISION = 2
+VERSION_REVISION = 3
 
 EIVE_TMTC_ROOT = Path(__file__).parent
 PACKAGE_ROOT = EIVE_TMTC_ROOT.parent