diff --git a/eclass/toolchain-binutils.eclass b/eclass/toolchain-binutils.eclass
index a16eab7d90c84..94659c50253e2 100644
--- a/eclass/toolchain-binutils.eclass
+++ b/eclass/toolchain-binutils.eclass
@@ -105,6 +105,12 @@ DEPEND="${RDEPEND}
 	nls? ( sys-devel/gettext )
 	sys-devel/flex
 	virtual/yacc"
+if is_cross ; then
+	# The build assumes the host has libiberty and such when cross-compiling
+	# its build tools.  We should probably make binutils itself build a local
+	# copy to use, but until then, be lazy.
+	DEPEND+=" >=sys-libs/binutils-libs-${PV}"
+fi
 
 S=${WORKDIR}/binutils
 case ${BVER} in
diff --git a/sys-devel/binutils/Manifest b/sys-devel/binutils/Manifest
index e4682ddadac43..129ed85104141 100644
--- a/sys-devel/binutils/Manifest
+++ b/sys-devel/binutils/Manifest
@@ -13,3 +13,5 @@ DIST binutils-2.25.1.tar.bz2 24163561 SHA256 b5b14added7d78a8d1ca70b5cb75fef57ce
 DIST binutils-2.25.tar.bz2 24049133 SHA256 22defc65cfa3ef2a3395faaea75d6331c6e62ea5dfacfed3e2ec17b08c882923 SHA512 49438970642f379978aba988e3d2e7b63dab6fd0b46d91f4100f083e87a84d242089daca58572245fe620457a77bbbe2d78588ff3fb79314e500d1a39bf96f30 WHIRLPOOL 92f963d6ffe7d2378726cb080e893f8c58c8b6de030e78da488d8c3fd157e064a90b62d9bd2f305707758aa016a9e48f0953425828a2a0432ddee8ffae89585f
 DIST binutils-2.26.1-patches-1.0.tar.xz 11212 SHA256 e56e2a6b64b8abe2f4aed1a9b1517fc8cbb5fd661f40118d0163d93943870e77 SHA512 c520967659c66f05f7ad795bb0bc2522e139977ab3ae8cfd9ec0d093a412a7291d1cabaa6b429c618fcf7253458a6fbe5a7dc3f62e0ac9762667308067db075c WHIRLPOOL 027b6a864134e2690d309922009740338bbd927581c6657c640d3061447f308c2e27a8c06a9202ae3f4aac4bcbf9e28303b52f81745d4062bf5b8c638cd1a9b7
 DIST binutils-2.26.1.tar.bz2 25595243 SHA256 39c346c87aa4fb14b2f786560aec1d29411b6ec34dce3fe7309fe3dd56949fd8 SHA512 9d9165609fd3b0f20d616f9891fc8e2b466eb13e2bfce40125e12427f8f201d20e2b8322bb6cb2b45e8df812f0e8ac059149f8a1f69ba3ed9d86a35c6a540b67 WHIRLPOOL c33eecdf855dd17314c3b7bbb0060399148d4dba867eb038bfb7555010fd003ba8b5b86480e4df389e19bba7b1fd0b9264291e6af20be4ffd4ff504d2255d003
+DIST binutils-2.27-patches-1.0.tar.xz 8852 SHA256 07be45786e1e56498aad2c52a43d4104ccd0ded3c6a84a930486bc418d7fa36d SHA512 489b5fff87886682d8e98eafa2f082e6dcf811d2a693b6c41d76bd1ac50815a6e7d26fb7c9e3811c2d8e0e1dc307557e6ffe46d1d0f7caeb581060cf14bda899 WHIRLPOOL cf73342292a6dd8450a420f62a6a28e1ae38eed2c0b62643619ac002f3e9233ba5a0df19deb862167e88bd2c4a7ef4e002fe4d76f971eba876014d145dc30171
+DIST binutils-2.27.tar.bz2 26099568 SHA256 369737ce51587f92466041a97ab7d2358c6d9e1b6490b3940eb09fb0a9a6ac88 SHA512 cf276f84935312361a2ca077e04d0b469d23a3aed979d8ba5d92ea590904ffb2c2e7ed12cc842822bfc402836be86f479660cef3791aa62f3753d8a1a6f564cb WHIRLPOOL d3204b4900529f697285fb1fe622ecc949c43f064e6b83a1cecb1ea8810a214842c729266c9a44537dc0a86d6d2b3ac100f54c721cc284e54f9d6feb90930d15
diff --git a/sys-devel/binutils/binutils-2.27.ebuild b/sys-devel/binutils/binutils-2.27.ebuild
new file mode 100644
index 0000000000000..fc398701ccc2d
--- /dev/null
+++ b/sys-devel/binutils/binutils-2.27.ebuild
@@ -0,0 +1,10 @@
+# Copyright 1999-2016 Gentoo Foundation
+# Distributed under the terms of the GNU General Public License v2
+
+EAPI="5"
+
+PATCHVER="1.0"
+ELF2FLT_VER=""
+inherit toolchain-binutils
+
+KEYWORDS="~alpha ~amd64 ~arm ~arm64 ~hppa ~ia64 ~m68k ~mips ~ppc ~ppc64 ~s390 ~sh ~sparc ~x86 ~amd64-fbsd -sparc-fbsd ~x86-fbsd"
diff --git a/sys-devel/binutils/binutils-9999.ebuild b/sys-devel/binutils/binutils-9999.ebuild
index ebdfb0b4a9864..abe9ecf46bc98 100644
--- a/sys-devel/binutils/binutils-9999.ebuild
+++ b/sys-devel/binutils/binutils-9999.ebuild
@@ -1,7 +1,6 @@
-# Copyright 1999-2013 Gentoo Foundation
+# Copyright 1999-2016 Gentoo Foundation
 # Distributed under the terms of the GNU General Public License v2
-# $Id$
 
-EAPI="4"
+EAPI="5"
 
 inherit toolchain-binutils
diff --git a/sys-libs/binutils-libs/Manifest b/sys-libs/binutils-libs/Manifest
index 6dc0601af524f..89d042eaf7a47 100644
--- a/sys-libs/binutils-libs/Manifest
+++ b/sys-libs/binutils-libs/Manifest
@@ -1,2 +1,4 @@
 DIST binutils-2.25.1-patches-1.1.tar.xz 18724 SHA256 3d4c0ab2d45d3a952f60246fa5a4353f057c03110130b50e3b2103bd49c345fa SHA512 209c55bf26b51d8c513b40abd2d95f687159c4e964a6c732924f277d04c97323c427fe452c63d5ec6962dcd8892d6d5d807ba88826739425bce6812a31f573dd WHIRLPOOL 2b650af352183d2b58abaee955b223606d63bd5f22a73360e79af1d3b575c5ea385f90be92348ec850534d96f7b6632b1e494f314ec1655eedc26108e849aab7
 DIST binutils-2.25.1.tar.bz2 24163561 SHA256 b5b14added7d78a8d1ca70b5cb75fef57ce2197264f4f5835326b0df22ac9f22 SHA512 0b36dda0e6d32cd25613c0e64b56b28312515c54d6a159efd3db9a86717f114ab0a0a1f69d08975084d55713ebaeab64e4085c9b3d1c3fa86712869f80eb954d WHIRLPOOL daa804331ee880296c2fe29fd9b8a52cc695629d4bbe0b9889d96ffc54d330f00fac3f3cb12b3aaf6b7505521ef499c53760912cd7c9bb54f2d5e288224bd1eb
+DIST binutils-2.27-patches-1.0.tar.xz 8852 SHA256 07be45786e1e56498aad2c52a43d4104ccd0ded3c6a84a930486bc418d7fa36d SHA512 489b5fff87886682d8e98eafa2f082e6dcf811d2a693b6c41d76bd1ac50815a6e7d26fb7c9e3811c2d8e0e1dc307557e6ffe46d1d0f7caeb581060cf14bda899 WHIRLPOOL cf73342292a6dd8450a420f62a6a28e1ae38eed2c0b62643619ac002f3e9233ba5a0df19deb862167e88bd2c4a7ef4e002fe4d76f971eba876014d145dc30171
+DIST binutils-2.27.tar.bz2 26099568 SHA256 369737ce51587f92466041a97ab7d2358c6d9e1b6490b3940eb09fb0a9a6ac88 SHA512 cf276f84935312361a2ca077e04d0b469d23a3aed979d8ba5d92ea590904ffb2c2e7ed12cc842822bfc402836be86f479660cef3791aa62f3753d8a1a6f564cb WHIRLPOOL d3204b4900529f697285fb1fe622ecc949c43f064e6b83a1cecb1ea8810a214842c729266c9a44537dc0a86d6d2b3ac100f54c721cc284e54f9d6feb90930d15
diff --git a/sys-libs/binutils-libs/binutils-libs-2.27.ebuild b/sys-libs/binutils-libs/binutils-libs-2.27.ebuild
new file mode 100644
index 0000000000000..015a3c901098d
--- /dev/null
+++ b/sys-libs/binutils-libs/binutils-libs-2.27.ebuild
@@ -0,0 +1,94 @@
+# Copyright 1999-2016 Gentoo Foundation
+# Distributed under the terms of the GNU General Public License v2
+
+EAPI="5"
+
+PATCHVER="1.0"
+
+inherit eutils toolchain-funcs multilib-minimal
+
+MY_PN="binutils"
+MY_P="${MY_PN}-${PV}"
+
+DESCRIPTION="Core binutils libraries (libbfd, libopcodes, libiberty) for external packages"
+HOMEPAGE="https://sourceware.org/binutils/"
+SRC_URI="mirror://gnu/binutils/${MY_P}.tar.bz2
+	mirror://gentoo/${MY_P}-patches-${PATCHVER}.tar.xz"
+
+LICENSE="|| ( GPL-3 LGPL-3 )"
+# The shared lib SONAMEs use the ${PV} in them.
+SLOT="0/${PV}"
+KEYWORDS="~alpha ~amd64 ~arm ~arm64 ~hppa ~ia64 ~m68k ~mips ~ppc ~ppc64 ~s390 ~sh ~sparc ~x86 ~amd64-fbsd -sparc-fbsd ~x86-fbsd ~amd64-linux ~x86-linux ~ppc-macos ~x64-macos ~x86-macos ~sparc-solaris ~sparc64-solaris ~x64-solaris ~x86-solaris"
+IUSE="64-bit-bfd multitarget nls static-libs"
+
+COMMON_DEPEND="sys-libs/zlib[${MULTILIB_USEDEP}]"
+DEPEND="${COMMON_DEPEND}
+	nls? ( sys-devel/gettext )"
+# Need a newer binutils-config that'll reset include/lib symlinks for us.
+RDEPEND="${COMMON_DEPEND}
+	>=sys-devel/binutils-config-5
+	nls? ( !<sys-devel/gdb-7.10-r1[nls] )"
+
+S="${WORKDIR}/${MY_P}"
+
+MULTILIB_WRAPPED_HEADERS=(
+	/usr/include/bfd.h
+)
+
+src_prepare() {
+	EPATCH_SUFFIX="patch" epatch "${WORKDIR}"/patch
+}
+
+pkgversion() {
+	printf "Gentoo ${PVR}"
+	[[ -n ${PATCHVER} ]] && printf " p${PATCHVER}"
+}
+
+multilib_src_configure() {
+	local myconf=(
+		--enable-obsolete
+		--enable-shared
+		--enable-threads
+		# Newer versions (>=2.24) make this an explicit option. #497268
+		--enable-install-libiberty
+		--disable-werror
+		--with-bugurl="https://bugs.gentoo.org/"
+		--with-pkgversion="$(pkgversion)"
+		$(use_enable static-libs static)
+		# The binutils eclass enables this flag for all bi-arch builds,
+		# but other tools often don't care about that support.  Put it
+		# beyond a flag if people really want it, but otherwise leave
+		# it disabled as it can slow things down on 32bit arches. #438522
+		$(use_enable 64-bit-bfd)
+		# This only disables building in the zlib subdir.
+		# For binutils itself, it'll use the system version. #591516
+		--without-zlib
+		--with-system-zlib
+		# We only care about the libs, so disable programs. #528088
+		--disable-{binutils,etc,ld,gas,gold,gprof}
+		# Disable modules that are in a combined binutils/gdb tree. #490566
+		--disable-{gdb,libdecnumber,readline,sim}
+		# Strip out broken static link flags.
+		# https://gcc.gnu.org/PR56750
+		--without-stage1-ldflags
+	)
+
+	use multitarget && myconf+=( --enable-targets=all --enable-64-bit-bfd )
+
+	use nls \
+		&& myconf+=( --without-included-gettext ) \
+		|| myconf+=( --disable-nls )
+
+	ECONF_SOURCE=${S} \
+	econf "${myconf[@]}"
+}
+
+multilib_src_install() {
+	default
+	# Provide libiberty.h directly.
+	dosym libiberty/libiberty.h /usr/include/libiberty.h
+}
+
+multilib_src_install_all() {
+	use static-libs || find "${ED}"/usr -name '*.la' -delete
+}