diff --git a/VERSION b/VERSION
index 17109e28..c1174b12 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-24.05.1
+24.05.2
diff --git a/app/meson.build b/app/meson.build
index dac1eef3..05c151f2 100644
--- a/app/meson.build
+++ b/app/meson.build
@@ -36,7 +36,9 @@ cflags = ['-D__PROJECT_VERSION="' + meson.project_version() + '"']
 
 deps = [dpdk, common, utils, vec, plugin, cli, lua, hmap]
 
-deps += [dependency('libfgen', required: true)]
+if fgen_dep.found()
+    deps += [fgen_dep]
+endif
 
 deps += [cc.find_library('rte_net_i40e', dirs: [dpdk_libs_path], required: false)]
 deps += [cc.find_library('rte_net_ixgbe', dirs: [dpdk_libs_path], required: false)]
diff --git a/changelog.txt b/changelog.txt
index 941b7bad..968e9646 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -6,6 +6,7 @@ Pktgen-DPDK - Traffic Generator powered by DPDK
 ** (Pktgen) Sounds like 'Packet-Gen'**
 
 **=== Modifications ===**
+ - 24.05.2 - Make fgen requirement optional, which removes pktperf example.
  - 24.05.1 - Merge in the performance updates and remove old/unused features.
  - 24.05.0 - Update copyright and add comments to README.md and INSTALL.md files to point
              users to Pktgen-DPDK on GitHub as the primary supported version.
diff --git a/examples/meson.build b/examples/meson.build
index 85701088..a17e7f75 100644
--- a/examples/meson.build
+++ b/examples/meson.build
@@ -1,7 +1,9 @@
 # SPDX-License-Identifier: BSD-3-Clause
 # Copyright(c) <2023> Intel Corporation
 
-subdirs =['pktperf']
-foreach d:subdirs
-    subdir(d)
-endforeach
+if fgen_dep.found()
+    subdirs =['pktperf']
+    foreach d:subdirs
+        subdir(d)
+    endforeach
+endif
diff --git a/meson.build b/meson.build
index 4754df01..c629bb27 100644
--- a/meson.build
+++ b/meson.build
@@ -42,7 +42,7 @@ foreach arg: warning_flags
 	endif
 endforeach
 
-fgen_dep = dependency('libfgen', required: true)
+fgen_dep = dependency('libfgen', required: false)
 
 lua_dep = dependency('', required: false)