diff --git a/pkg/model/components/containerd.go b/pkg/model/components/containerd.go
index 1198db7c32..08a13a06da 100644
--- a/pkg/model/components/containerd.go
+++ b/pkg/model/components/containerd.go
@@ -47,7 +47,7 @@ func (b *ContainerdOptionsBuilder) BuildOptions(o interface{}) error {
 		// Set version based on Kubernetes version
 		if fi.ValueOf(containerd.Version) == "" {
 			if b.IsKubernetesGTE("1.23") {
-				containerd.Version = fi.PtrTo("1.6.17")
+				containerd.Version = fi.PtrTo("1.6.18")
 				containerd.Runc = &kops.Runc{
 					Version: fi.PtrTo("1.1.4"),
 				}
diff --git a/upup/pkg/fi/cloudup/containerd.go b/upup/pkg/fi/cloudup/containerd.go
index 48561c70d3..ea1a499d47 100644
--- a/upup/pkg/fi/cloudup/containerd.go
+++ b/upup/pkg/fi/cloudup/containerd.go
@@ -233,6 +233,7 @@ func findAllContainerdHashesAmd64() map[string]string {
 		"1.6.15": "191bb4f6e4afc237efc5c85b5866b6fdfed731bde12cceaa6017a9c7f8aeda02",
 		"1.6.16": "2415b431a900275c14942f87f751e1e13d513c1c2f062322b5ca5a9a2190f22a",
 		"1.6.17": "5f0584d000769d0cf08fc0e25135614ef5bf52971a6069175c78437699f3b8d4",
+		"1.6.18": "c4e516376a2392520a87abea94baf2045cc3a67e9e0c90c75fb6ed038170561e",
 	}
 
 	return hashes
@@ -258,6 +259,7 @@ func findAllContainerdHashesArm64() map[string]string {
 		"1.6.15": "d63e4d27c51e33cd10f8b5621c559f09ece8a65fec66d80551b36cac9e61a07d",
 		"1.6.16": "c2bf51fde02ec9cf8b9c18721bc4f53bd1f19fb2bb3251f41ece61af7347e082",
 		"1.6.17": "7e110faa738bff2f5f0ffd54c4ec2c17c05fd2af6de4877c839794ca3dadd61c",
+		"1.6.18": "56b83a0bc955edc5ebaa3bd0f788e654b63395be00fcb1bd03ff4bdfe4b5e1e7",
 	}
 
 	return hashes