Upstream already:
http://git.kernel.org/?p=linux/kernel/git/horms/kexec-tools.git;a=blobdiff;f=kexec/Makefile;h=99949c44f94e5c727d6e379e86bb373730e74237;hp=61479040891440a76d95771b8f9d318526cb83fa;hb=6abf3ba5dc63ef670010927d5572d38c3ce2a587;hpb=8108aeeef14a2ab40756e90c980ac09687eff007

--- kexec/Makefile.orig	2009-01-22 22:09:36.502007555 -0600
+++ kexec/Makefile	2009-01-22 22:10:21.644256852 -0600
@@ -67,10 +67,9 @@
 
 -include $(KEXEC_DEPS)
 
-$(KEXEC): LDFLAGS+=$(LIBS)
 $(KEXEC): $(KEXEC_OBJS) $(UTIL_LIB)
 	@$(MKDIR) -p $(@D)
-	$(LINK.o) -o $@ $^
+	$(LINK.o) -o $@ $^ $(LIBS)
 
 $(KEXEC): CPPFLAGS+=-I$(srcdir)/kexec/arch/$(ARCH)/include