diff --git a/.gitignore b/.gitignore
index a3f6509..4b11955 100644
--- a/.gitignore
+++ b/.gitignore
@@ -30,3 +30,4 @@ fonttools-2.3.tar.gz
 /fonttools-3.13.1.zip
 /fonttools-3.14.0.zip
 /fonttools-3.15.1.zip
+/fonttools-3.16.0.zip
diff --git a/fonttools.spec b/fonttools.spec
index 843bda2..6839d4d 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:        3.15.1
+Version:        3.16.0
 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
+* Tue Oct 03 2017 Parag Nemade <pnemade AT redhat DOT com> - 3.16.0-1
+- Update to 3.16.0 version (#1498063)
+
 * Sun Aug 20 2017 Parag Nemade <pnemade AT redhat DOT com> - 3.15.1-1
 - Update to 3.15.1 version
 
diff --git a/sources b/sources
index 320f752..04909ba 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (fonttools-3.15.1.zip) = 896e85cf9cc641c57091b1d05214bee6a3b3cffc5f91cb1dff3d90ff88256db66b561a5ada9f3baf69e8c107e6b917a09e3a9b02da3ca626da96ed882e275cca
+SHA512 (fonttools-3.16.0.zip) = 70236550dc1862856ae38cbf8e34f33ee0068181fe2297a36c4fff15b572d9f0fe469b7c8ae3214dcecf5f742423fc650412bda33fea41b4b5051b68e7804fb3