diff --git a/contrib/automation/hgautomation/aws.py b/contrib/automation/hgautomation/aws.py
--- a/contrib/automation/hgautomation/aws.py
+++ b/contrib/automation/hgautomation/aws.py
@@ -196,7 +196,7 @@
         if ensure_ec2_state:
             ensure_key_pairs(automation.state_path, self.ec2resource)
             self.security_groups = ensure_security_groups(self.ec2resource)
-            ensure_iam_state(self.iamresource)
+            ensure_iam_state(self.iamclient, self.iamresource)
 
     def key_pair_path_private(self, name):
         """Path to a key pair private key file."""
@@ -325,7 +325,7 @@
     profile.delete()
 
 
-def ensure_iam_state(iamresource, prefix='hg-'):
+def ensure_iam_state(iamclient, iamresource, prefix='hg-'):
     """Ensure IAM state is in sync with our canonical definition."""
 
     remote_profiles = {}
@@ -361,6 +361,10 @@
             InstanceProfileName=actual)
         remote_profiles[name] = profile
 
+        waiter = iamclient.get_waiter('instance_profile_exists')
+        waiter.wait(InstanceProfileName=actual)
+        print('IAM instance profile %s is available' % actual)
+
     for name in sorted(set(IAM_ROLES) - set(remote_roles)):
         entry = IAM_ROLES[name]
 
@@ -373,6 +377,10 @@
             AssumeRolePolicyDocument=ASSUME_ROLE_POLICY_DOCUMENT,
         )
 
+        waiter = iamclient.get_waiter('role_exists')
+        waiter.wait(RoleName=actual)
+        print('IAM role %s is available' % actual)
+
         remote_roles[name] = role
 
         for arn in entry['policy_arns']:
diff --git a/contrib/automation/requirements.txt b/contrib/automation/requirements.txt
--- a/contrib/automation/requirements.txt
+++ b/contrib/automation/requirements.txt
@@ -8,12 +8,12 @@
     --hash=sha256:2f1adbb7546ed199e3c90ef23ec95c5cf3585bac7d11fb7eb562a3fe89c64e87 \
     --hash=sha256:9d5c20441baf0cb60a4ac34cc447c6c189024b6b4c6cd7877034f4965c464e49 \
     # via cryptography
-boto3==1.9.111 \
-    --hash=sha256:06414c75d1f62af7d04fd652b38d1e4fd3cfd6b35bad978466af88e2aaecd00d \
-    --hash=sha256:f3b77dff382374773d02411fa47ee408f4f503aeebd837fd9dc9ed8635bc5e8e
-botocore==1.12.111 \
-    --hash=sha256:6af473c52d5e3e7ff82de5334e9fee96b2d5ec2df5d78bc00cd9937e2573a7a8 \
-    --hash=sha256:9f5123c7be704b17aeacae99b5842ab17bda1f799dd29134de8c70e0a50a45d7 \
+boto3==1.9.133 \
+    --hash=sha256:9fedb9ca5f5c32672f633db18d82b33bb8792506d6298602d356c16889ce504e \
+    --hash=sha256:e63831daad499191811851e6c6016b1fc710fc2d92ddc221288b26f6bdea8f74
+botocore==1.12.133 \
+    --hash=sha256:3b5968fc897b590c2b57fd6105b52ba8bdf5eb2100b7e181d4c17c7c05a2f83a \
+    --hash=sha256:cc270cc2c282b2679f44bd1de011a270c4d8b5364afc2f705152ca187821d4eb \
     # via boto3, s3transfer
 certifi==2019.3.9 \
     --hash=sha256:59b7658e26ca9c7339e00f8f4636cdfe59d34fa37b9b04f6f9e9926b3cece1a5 \
@@ -87,9 +87,9 @@
     --hash=sha256:3720a4b1bd659dd2eecad0666459b9788813e032b83e7ba58578e48254e0a0e6 \
     --hash=sha256:bde2aef6f44302dfb30320115b17d030798de8c4110e28d5cf6cf91a7a31074c \
     # via boto3, botocore
-ntlm-auth==1.2.0 \
-    --hash=sha256:7bc02a3fbdfee7275d3dc20fce8028ed8eb6d32364637f28be9e9ae9160c6d5c \
-    --hash=sha256:9b13eaf88f16a831637d75236a93d60c0049536715aafbf8190ba58a590b023e \
+ntlm-auth==1.3.0 \
+    --hash=sha256:bb2fd03c665f0f62c5f65695b62dcdb07fb7a45df6ebc86c770be2054d6902dd \
+    --hash=sha256:ce5b4483ed761f341a538a426a71a52e5a9cf5fd834ebef1d2090f9eef14b3f8 \
     # via pypsrp
 pycparser==2.19 \
     --hash=sha256:a988718abfad80b6b157acce7bf130a30876d27603738ac39f140993246b25b3 \
@@ -113,7 +113,7 @@
     --hash=sha256:3350809f0555b11f552448330d0b52d5f24c91a322ea4a15ef22629740f3761c \
     --hash=sha256:d16a0141ec1a18405cd4ce8b4613101da75da0e9a7aec5bdd4fa804d0e0eba73 \
     # via cryptography, pypsrp, python-dateutil
-urllib3==1.24.1 \
-    --hash=sha256:61bf29cada3fc2fbefad4fdf059ea4bd1b4a86d2b6d15e1c7c0b582b9752fe39 \
-    --hash=sha256:de9529817c93f27c8ccbfead6985011db27bd0ddfcdb2d86f3f663385c6a9c22 \
+urllib3==1.24.2 \
+    --hash=sha256:4c291ca23bbb55c76518905869ef34bdd5f0e46af7afe6861e8375643ffee1a0 \
+    --hash=sha256:9a247273df709c4fedb38c711e44292304f73f39ab01beda9f6b9fc375669ac3 \
     # via botocore, requests