diff --git a/CHANGELOG.md b/CHANGELOG.md
index 828b4ef9a..d78282326 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -3,6 +3,11 @@
 ### Amazon.Lambda.PowerShellHost (4.1.1)
 * Update System.Security.Cryptography.Xml to 8.0.5 (net8.0) and 10.0.13 (net10.0) to address a security vulnerability in the transitive dependency.
 
+### AWSLambdaPSCore PowerShell Module (5.0.3)
+* For PowerShell Lambda function deployment bundle update to version 4.1.1 of Amazon.Lambda.PowerShellHost
+* For PowerShell Lambda function deployment bundle update to version 3.4.0 of Amazon.Lambda.Core
+* Update default version of Microsoft.PowerShell.SDK used in deployment bundle to 7.6.7
+
 ## Release 2026-10-09
 
 ### Amazon.Lambda.Annotations (2.4.2)
diff --git a/PowerShell/Module/AWSLambdaPSCore.psd1 b/PowerShell/Module/AWSLambdaPSCore.psd1
index e43306b39..751c81003 100644
--- a/PowerShell/Module/AWSLambdaPSCore.psd1
+++ b/PowerShell/Module/AWSLambdaPSCore.psd1
@@ -12,7 +12,7 @@
 RootModule = 'AWSLambdaPSCore.psm1'
 
 # Version number of this module.
-ModuleVersion = '5.0.2.0'
+ModuleVersion = '5.0.3.0'
 
 # Supported PSEditions
 CompatiblePSEditions = 'Core'
diff --git a/PowerShell/Module/Private/_Constants.ps1 b/PowerShell/Module/Private/_Constants.ps1
index 8ccbe2ffb..6b92297f2 100644
--- a/PowerShell/Module/Private/_Constants.ps1
+++ b/PowerShell/Module/Private/_Constants.ps1
@@ -20,7 +20,7 @@ if (!($AwsPowerShellFunctionEnvName))
 
 if (!($AwsPowerShellDefaultSdkVersion))
 {
-    New-Variable -Name AwsPowerShellDefaultSdkVersion -Value '7.6.0' -Option Constant
+    New-Variable -Name AwsPowerShellDefaultSdkVersion -Value '7.6.7' -Option Constant
 }
 
 if (!($AwsPowerShellTargetFramework))
diff --git a/PowerShell/Module/Templates/Blueprints/projectfile.csproj.txt b/PowerShell/Module/Templates/Blueprints/projectfile.csproj.txt
index 5f2a5b1f9..5682caf19 100644
--- a/PowerShell/Module/Templates/Blueprints/projectfile.csproj.txt
+++ b/PowerShell/Module/Templates/Blueprints/projectfile.csproj.txt
@@ -16,7 +16,7 @@
     <ItemGroup>
         <PackageReference Include="Microsoft.PowerShell.SDK" Version="POWERSHELL_SDK_VERSION" />
 
-        <PackageReference Include="Amazon.Lambda.Core" Version="3.0.0" />
-        <PackageReference Include="Amazon.Lambda.PowerShellHost" Version="4.0.0" />
+        <PackageReference Include="Amazon.Lambda.Core" Version="3.4.0" />
+        <PackageReference Include="Amazon.Lambda.PowerShellHost" Version="4.1.1" />
     </ItemGroup>
 </Project>
\ No newline at end of file