diff --git a/meta-arm/recipes-devtools/fvp/fvp-base-a-aem.bb b/meta-arm/recipes-devtools/fvp/fvp-base-a-aem.bb
index fae0cb66..568fafda 100644
--- a/meta-arm/recipes-devtools/fvp/fvp-base-a-aem.bb
+++ b/meta-arm/recipes-devtools/fvp/fvp-base-a-aem.bb
@@ -2,11 +2,11 @@ require fvp-envelope.inc
 
 SUMMARY = "Arm Fixed Virtual Platform - Armv-A Base RevC Architecture Envelope Model FVP"
 LIC_FILES_CHKSUM = "file://license_terms/license_agreement.txt;md5=1a33828e132ba71861c11688dbb0bd16 \
-                    file://license_terms/third_party_licenses.txt;md5=72d3e09651c7560595c325ffad728252"
+                    file://license_terms/third_party_licenses.txt;md5=41029e71051b1c786bae3112a29905a7"
 
-PV = "11.16.16"
+PV = "11.17.21"
 
 SRC_URI = "https://developer.arm.com/-/media/Files/downloads/ecosystem-models/${MODEL_CODE}_${PV_URL}.tgz;subdir=${BP}"
-SRC_URI[sha256sum] = "a19e18d675b73493b032502fdf6edb7afba01540c99400a4405a95f95009a734"
+SRC_URI[sha256sum] = "ef42f685b4b970e56f6b14a5a76acb4eb88987dcb614d5788eee4d8ef5cf9b28"
 
 MODEL_CODE = "FVP_Base_RevC-2xAEMvA"