diff --git a/ansible/group_vars/all b/ansible/group_vars/all
index 09ec06890..0101cd946 100644
--- a/ansible/group_vars/all
+++ b/ansible/group_vars/all
@@ -1,4 +1,4 @@
 operator_image: quay.io/ansible/awx-operator
-operator_version: 0.11.0
+operator_version: 0.12.0
 pull_policy: Always
 ansible_debug_logs: "false"
diff --git a/deploy/awx-operator.yaml b/deploy/awx-operator.yaml
index fd9423f56..89cb52269 100644
--- a/deploy/awx-operator.yaml
+++ b/deploy/awx-operator.yaml
@@ -720,7 +720,7 @@ spec:
       serviceAccountName: awx-operator
       containers:
         - name: awx-operator
-          image: "quay.io/ansible/awx-operator:0.11.0"
+          image: "quay.io/ansible/awx-operator:0.12.0"
           imagePullPolicy: "Always"
           volumeMounts:
             - mountPath: /tmp/ansible-operator/runner
@@ -738,7 +738,7 @@ spec:
             - name: ANSIBLE_GATHERING
               value: explicit
             - name: OPERATOR_VERSION
-              value: "0.11.0"
+              value: "0.12.0"
             - name: ANSIBLE_DEBUG_LOGS
               value: "false"
           livenessProbe:
diff --git a/deploy/olm-catalog/awx-operator/manifests/awx-operator.clusterserviceversion.yaml b/deploy/olm-catalog/awx-operator/manifests/awx-operator.clusterserviceversion.yaml
index b5fbbea78..b2762b26c 100644
--- a/deploy/olm-catalog/awx-operator/manifests/awx-operator.clusterserviceversion.yaml
+++ b/deploy/olm-catalog/awx-operator/manifests/awx-operator.clusterserviceversion.yaml
@@ -39,7 +39,7 @@ metadata:
     capabilities: Basic Install
     operators.operatorframework.io/builder: operator-sdk-v0.19.4
     operators.operatorframework.io/project_layout: ansible
-  name: awx-operator.v0.11.0
+  name: awx-operator.v0.12.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -695,10 +695,10 @@ spec:
                 - name: ANSIBLE_GATHERING
                   value: explicit
                 - name: OPERATOR_VERSION
-                  value: 0.11.0
+                  value: 0.12.0
                 - name: ANSIBLE_DEBUG_LOGS
                   value: "false"
-                image: quay.io/ansible/awx-operator:0.11.0
+                image: quay.io/ansible/awx-operator:0.12.0
                 imagePullPolicy: Always
                 livenessProbe:
                   httpGet:
@@ -737,5 +737,5 @@ spec:
   provider:
     name: AWX Community
     url: https://github.com/ansible/awx-operator
-  replaces: awx-operator.v0.10.0
-  version: 0.11.0
+  replaces: awx-operator.v0.11.0
+  version: 0.12.0
diff --git a/roles/installer/defaults/main.yml b/roles/installer/defaults/main.yml
index e14e673d8..8a16f6216 100644
--- a/roles/installer/defaults/main.yml
+++ b/roles/installer/defaults/main.yml
@@ -106,7 +106,7 @@ extra_volumes: ''
 # Use these image versions for Ansible AWX.
 
 image: quay.io/ansible/awx
-image_version: 19.2.1
+image_version: 19.2.2
 redis_image: docker.io/redis
 redis_image_version: latest
 postgres_image: postgres
@@ -117,10 +117,10 @@ image_pull_policy: IfNotPresent
 image_pull_secret: ''
 
 ee_images:
-  - name: AWX EE 0.4.0
-    image: quay.io/ansible/awx-ee:0.4.0
+  - name: AWX EE 0.5.0
+    image: quay.io/ansible/awx-ee:0.5.0
 
-control_plane_ee_image: quay.io/ansible/awx-ee:0.4.0
+control_plane_ee_image: quay.io/ansible/awx-ee:0.5.0
 
 create_preload_data: true