diff --git a/.gitignore b/.gitignore
index b68bc61..dcea807 100644
--- a/.gitignore
+++ b/.gitignore
@@ -41,3 +41,4 @@ fonttools-2.3.tar.gz
 /fonttools-3.23.0.zip
 /fonttools-3.24.0.zip
 /fonttools-3.24.1.zip
+/fonttools-3.24.2.zip
diff --git a/fonttools.spec b/fonttools.spec
index 0220cde..6ff1342 100644
--- a/fonttools.spec
+++ b/fonttools.spec
@@ -7,7 +7,7 @@ contains a tool called “TTX” which converts TrueType/OpenType fonts to and \
 from an XML-based format.
 
 Name:           fonttools
-Version:        3.24.1
+Version:        3.24.2
 Release:        1%{?dist}
 Summary:        Tools to manipulate font files
 License:        BSD
@@ -80,6 +80,9 @@ sed -i '1d' Lib/fontTools/mtiLib/__init__.py
 %{python3_sitelib}/%{name}-%{version}-py3.?.egg-info
 
 %changelog
+* Tue Mar 27 2018 Parag Nemade <pnemade AT redhat DOT com> - 3.24.2-1
+- Update to 3.24.2 version (#1560987)
+
 * Wed Mar 07 2018 Parag Nemade <pnemade AT redhat DOT com> - 3.24.1-1
 - Update to 3.24.1 version (#1552589)
 
diff --git a/sources b/sources
index e57dd7e..97ea89c 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (fonttools-3.24.1.zip) = 292d3bcf862c8a6eb6cfe9be89e4982f5f4ef0742a447c929ae22a6d0c67b029eab7083fe475935e2bc341365ec0b742a7dde61c850eef996402f076ca0e7ca2
+SHA512 (fonttools-3.24.2.zip) = a005f65a7e1ea0b64d30d14bf3a30d8fd74a51c7d64592496dd51880eee76a31d12f3d9e83fd287fc0786c1533f3cf29a747765d198649b04061dfafd2d85f3a