diff --git a/README.md b/README.md
index 901dff3675..fa9bcd382d 100644
--- a/README.md
+++ b/README.md
@@ -176,7 +176,7 @@ We are grateful to the community for contributing bugfixes and improvements! Ple
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 | <a name="requirement_time"></a> [time](#requirement\_time) | >= 0.9 |
 | <a name="requirement_tls"></a> [tls](#requirement\_tls) | >= 3.0 |
 
@@ -184,7 +184,7 @@ We are grateful to the community for contributing bugfixes and improvements! Ple
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
 | <a name="provider_time"></a> [time](#provider\_time) | >= 0.9 |
 | <a name="provider_tls"></a> [tls](#provider\_tls) | >= 3.0 |
 
diff --git a/examples/eks-managed-node-group/versions.tf b/examples/eks-managed-node-group/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/examples/eks-managed-node-group/versions.tf
+++ b/examples/eks-managed-node-group/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/examples/karpenter/README.md b/examples/karpenter/README.md
index bc09df1fa5..4f94a5b44f 100644
--- a/examples/karpenter/README.md
+++ b/examples/karpenter/README.md
@@ -89,7 +89,7 @@ Note that this example may create resources which cost money. Run `terraform des
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 | <a name="requirement_helm"></a> [helm](#requirement\_helm) | >= 2.7 |
 | <a name="requirement_kubectl"></a> [kubectl](#requirement\_kubectl) | >= 2.0 |
 
@@ -97,8 +97,8 @@ Note that this example may create resources which cost money. Run `terraform des
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
-| <a name="provider_aws.virginia"></a> [aws.virginia](#provider\_aws.virginia) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
+| <a name="provider_aws.virginia"></a> [aws.virginia](#provider\_aws.virginia) | >= 5.57 |
 | <a name="provider_helm"></a> [helm](#provider\_helm) | >= 2.7 |
 | <a name="provider_kubectl"></a> [kubectl](#provider\_kubectl) | >= 2.0 |
 
diff --git a/examples/karpenter/versions.tf b/examples/karpenter/versions.tf
index a43b64f4c4..5cd234e754 100644
--- a/examples/karpenter/versions.tf
+++ b/examples/karpenter/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
     helm = {
       source  = "hashicorp/helm"
diff --git a/examples/outposts/README.md b/examples/outposts/README.md
index 3779487fde..b2769e0839 100644
--- a/examples/outposts/README.md
+++ b/examples/outposts/README.md
@@ -46,14 +46,14 @@ terraform destroy --auto-approve
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 | <a name="requirement_kubernetes"></a> [kubernetes](#requirement\_kubernetes) | >= 2.20 |
 
 ## Providers
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
 | <a name="provider_kubernetes"></a> [kubernetes](#provider\_kubernetes) | >= 2.20 |
 
 ## Modules
diff --git a/examples/outposts/prerequisites/versions.tf b/examples/outposts/prerequisites/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/examples/outposts/prerequisites/versions.tf
+++ b/examples/outposts/prerequisites/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/examples/outposts/versions.tf b/examples/outposts/versions.tf
index 2ac7910678..3d08b99032 100644
--- a/examples/outposts/versions.tf
+++ b/examples/outposts/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
     kubernetes = {
       source  = "hashicorp/kubernetes"
diff --git a/examples/self-managed-node-group/versions.tf b/examples/self-managed-node-group/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/examples/self-managed-node-group/versions.tf
+++ b/examples/self-managed-node-group/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/modules/eks-managed-node-group/README.md b/modules/eks-managed-node-group/README.md
index 05f1a0bea2..7109d6f23e 100644
--- a/modules/eks-managed-node-group/README.md
+++ b/modules/eks-managed-node-group/README.md
@@ -64,13 +64,13 @@ module "eks_managed_node_group" {
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 
 ## Providers
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
 
 ## Modules
 
diff --git a/modules/eks-managed-node-group/main.tf b/modules/eks-managed-node-group/main.tf
index facd05a810..50554ae98b 100644
--- a/modules/eks-managed-node-group/main.tf
+++ b/modules/eks-managed-node-group/main.tf
@@ -203,10 +203,11 @@ resource "aws_launch_template" "this" {
     }
   }
 
-  # # Set on node group instead
-  # instance_type = var.launch_template_instance_type
-  kernel_id = var.kernel_id
-  key_name  = var.key_name
+  # Instance type(s) are generally set on the node group,
+  # except when a ML capacity block reseravtion is used
+  instance_type = var.capacity_type == "CAPACITY_BLOCK" ? element(var.instance_types, 0) : null
+  kernel_id     = var.kernel_id
+  key_name      = var.key_name
 
   dynamic "license_specification" {
     for_each = length(var.license_specifications) > 0 ? var.license_specifications : {}
@@ -408,8 +409,9 @@ resource "aws_eks_node_group" "this" {
   capacity_type        = var.capacity_type
   disk_size            = var.use_custom_launch_template ? null : var.disk_size # if using a custom LT, set disk size on custom LT or else it will error here
   force_update_version = var.force_update_version
-  instance_types       = var.instance_types
-  labels               = var.labels
+  # ML capacity block reservation requires instance type to be set on the launch template
+  instance_types = var.capacity_type == "CAPACITY_BLOCK" ? null : var.instance_types
+  labels         = var.labels
 
   dynamic "launch_template" {
     for_each = var.use_custom_launch_template ? [1] : []
diff --git a/modules/eks-managed-node-group/versions.tf b/modules/eks-managed-node-group/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/modules/eks-managed-node-group/versions.tf
+++ b/modules/eks-managed-node-group/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/modules/fargate-profile/README.md b/modules/fargate-profile/README.md
index 2396f353ab..609614b9a1 100644
--- a/modules/fargate-profile/README.md
+++ b/modules/fargate-profile/README.md
@@ -29,13 +29,13 @@ module "fargate_profile" {
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 
 ## Providers
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
 
 ## Modules
 
diff --git a/modules/fargate-profile/versions.tf b/modules/fargate-profile/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/modules/fargate-profile/versions.tf
+++ b/modules/fargate-profile/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/modules/karpenter/README.md b/modules/karpenter/README.md
index ca1e7bdc0f..eeecd7ba26 100644
--- a/modules/karpenter/README.md
+++ b/modules/karpenter/README.md
@@ -86,13 +86,13 @@ module "karpenter" {
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 
 ## Providers
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
 
 ## Modules
 
diff --git a/modules/karpenter/versions.tf b/modules/karpenter/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/modules/karpenter/versions.tf
+++ b/modules/karpenter/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/modules/self-managed-node-group/README.md b/modules/self-managed-node-group/README.md
index 05834cc935..ffa6d24837 100644
--- a/modules/self-managed-node-group/README.md
+++ b/modules/self-managed-node-group/README.md
@@ -43,13 +43,13 @@ module "self_managed_node_group" {
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 
 ## Providers
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
 
 ## Modules
 
diff --git a/modules/self-managed-node-group/versions.tf b/modules/self-managed-node-group/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/modules/self-managed-node-group/versions.tf
+++ b/modules/self-managed-node-group/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/tests/eks-managed-node-group/README.md b/tests/eks-managed-node-group/README.md
index 169b4c4f18..9c736bc39b 100644
--- a/tests/eks-managed-node-group/README.md
+++ b/tests/eks-managed-node-group/README.md
@@ -18,13 +18,13 @@ Note that this example may create resources which cost money. Run `terraform des
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 
 ## Providers
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
 
 ## Modules
 
diff --git a/tests/eks-managed-node-group/versions.tf b/tests/eks-managed-node-group/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/tests/eks-managed-node-group/versions.tf
+++ b/tests/eks-managed-node-group/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/tests/fargate-profile/README.md b/tests/fargate-profile/README.md
index bdb1a909a5..a6980a2c3b 100644
--- a/tests/fargate-profile/README.md
+++ b/tests/fargate-profile/README.md
@@ -18,13 +18,13 @@ Note that this example may create resources which cost money. Run `terraform des
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 
 ## Providers
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
 
 ## Modules
 
diff --git a/tests/fargate-profile/versions.tf b/tests/fargate-profile/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/tests/fargate-profile/versions.tf
+++ b/tests/fargate-profile/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/tests/self-managed-node-group/README.md b/tests/self-managed-node-group/README.md
index feebef9c92..0a1f76c2e6 100644
--- a/tests/self-managed-node-group/README.md
+++ b/tests/self-managed-node-group/README.md
@@ -18,13 +18,13 @@ Note that this example may create resources which cost money. Run `terraform des
 | Name | Version |
 |------|---------|
 | <a name="requirement_terraform"></a> [terraform](#requirement\_terraform) | >= 1.3.2 |
-| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.40 |
+| <a name="requirement_aws"></a> [aws](#requirement\_aws) | >= 5.57 |
 
 ## Providers
 
 | Name | Version |
 |------|---------|
-| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.40 |
+| <a name="provider_aws"></a> [aws](#provider\_aws) | >= 5.57 |
 
 ## Modules
 
diff --git a/tests/self-managed-node-group/versions.tf b/tests/self-managed-node-group/versions.tf
index 6f83215f50..1ad4db0909 100644
--- a/tests/self-managed-node-group/versions.tf
+++ b/tests/self-managed-node-group/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
   }
 }
diff --git a/versions.tf b/versions.tf
index d0f347a88a..6243ed0255 100644
--- a/versions.tf
+++ b/versions.tf
@@ -4,7 +4,7 @@ terraform {
   required_providers {
     aws = {
       source  = "hashicorp/aws"
-      version = ">= 5.40"
+      version = ">= 5.57"
     }
     tls = {
       source  = "hashicorp/tls"