diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index 98844f56f81f..56d9f46a2652 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -96,7 +96,7 @@ val DEPENDENCIES = listOf(
   "commons-logging:commons-logging:1.3.0",
   "commons-validator:commons-validator:1.8.0",
   "io.netty:netty:3.10.6.Final",
-  "io.opentelemetry.contrib:opentelemetry-aws-xray-propagator:1.28.0-alpha",
+  "io.opentelemetry.contrib:opentelemetry-aws-xray-propagator:1.33.0-alpha",
   "io.opentelemetry.proto:opentelemetry-proto:1.1.0-alpha",
   "io.opentelemetry:opentelemetry-extension-annotations:1.18.0", // deprecated, no longer part of bom
   "org.assertj:assertj-core:3.25.3",
diff --git a/licenses/licenses.md b/licenses/licenses.md
index 6236929e7193..abc51c5b8c8a 100644
--- a/licenses/licenses.md
+++ b/licenses/licenses.md
@@ -1,7 +1,7 @@
 
 # javaagent
 ## Dependency License Report
-_2024-03-10 14:05:29 EET_
+_2024-03-11 16:28:36 PDT_
 ## Apache License, Version 2.0
 
 **1** **Group:** `com.blogspot.mydailyjava` **Name:** `weak-lock-free` **Version:** `0.18`
@@ -143,7 +143,7 @@ _2024-03-10 14:05:29 EET_
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**32** **Group:** `io.opentelemetry.contrib` **Name:** `opentelemetry-aws-xray-propagator` **Version:** `1.28.0-alpha`
+**32** **Group:** `io.opentelemetry.contrib` **Name:** `opentelemetry-aws-xray-propagator` **Version:** `1.33.0-alpha`
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java-contrib](https://github.com/open-telemetry/opentelemetry-java-contrib)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)