diff --git a/.gitignore b/.gitignore
index e881b7e..604bebb 100644
--- a/.gitignore
+++ b/.gitignore
@@ -39,3 +39,4 @@ fonttools-2.3.tar.gz
 /fonttools-3.21.2.zip
 /fonttools-3.22.0.zip
 /fonttools-3.23.0.zip
+/fonttools-3.24.0.zip
diff --git a/fonttools.spec b/fonttools.spec
index 8cbe241..e2fbe50 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:        3.23.0
+Version:        3.24.0
 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
+* Fri Mar 02 2018 Parag Nemade <pnemade AT redhat DOT com> - 3.24.0-1
+- Update to 3.24.0 version (#1550749)
+
 * Tue Feb 27 2018 Parag Nemade <pnemade AT redhat DOT com> - 3.23.0-1
 - Update to 3.23.0 version (#1549339)
 
diff --git a/sources b/sources
index 617c8a7..f14caf0 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (fonttools-3.23.0.zip) = 2b0d6cc8f384223244c76c36bbeb714f69af9a8e69f059f5e70e3ba9074d94bf828bfbef4edb7abb4aa3af75580cfbf26f932f7e8feb17d8d0a2b67179c49d48
+SHA512 (fonttools-3.24.0.zip) = fee4f74cad4cae2d3fb402195375018a11fdab1fb1cefbe167234703c009a271466504b5b7699050905faaec75546acfdaf9ef4c807eb9b2150dc3e96cb37454