diff --git a/zipl/Makefile b/zipl/Makefile
index aa7af702..38dfae9e 100644
--- a/zipl/Makefile
+++ b/zipl/Makefile
@@ -6,6 +6,7 @@ all:
 	$(MAKE) -C src
 
 install: all
+	$(MAKE) -C boot install
 	$(MAKE) -C src install
 	$(MAKE) -C man install
 	$(MAKE) -C dracut install
diff --git a/zipl/boot/Makefile b/zipl/boot/Makefile
index 2ea129bf..92d7d63a 100644
--- a/zipl/boot/Makefile
+++ b/zipl/boot/Makefile
@@ -26,6 +26,10 @@ all: .loaders $(FILES) $(DEBUG_FILES)
 .loaders: $(INC_FILES)
 	touch .loaders
 
+install: stage3.bin
+	$(INSTALL) -d -m 755 "$(DESTDIR)$(TOOLS_LIBDIR)"
+	$(INSTALL) -g $(GROUP) -o $(OWNER) -m 644 stage3.bin "$(DESTDIR)$(TOOLS_LIBDIR)"
+
 # Prevent make from using some default rules...
 %:	%.S
 
diff --git a/zipl/src/Makefile b/zipl/src/Makefile
index ead6a4c4..153eaecc 100644
--- a/zipl/src/Makefile
+++ b/zipl/src/Makefile
@@ -14,9 +14,8 @@ objects = misc.o error.o scan.o job.o boot.o bootmap.o fs-map.o disk.o \
 
 zipl_helpers = $(basename $(wildcard zipl_helper.*.c))
 chreipl_helpers = $(subst zipl_,chreipl_, $(zipl_helpers))
-zipl_stage3 = ../boot/stage3.bin
 
-all: zipl zipl-editenv $(chreipl_helpers) $(zipl_stage3)
+all: zipl zipl-editenv $(chreipl_helpers)
 
 boot.o: ../boot/.loaders
 zipl: $(objects) $(libs)
@@ -38,7 +37,6 @@ install: all
 	$(INSTALL) -m 755 $(zipl_helpers) $(chreipl_helpers) \
 		$(DESTDIR)$(TOOLS_LIBDIR)
 	$(CP) --no-dereference $(chreipl_helpers) $(DESTDIR)$(TOOLS_LIBDIR)
-	$(CP) --no-dereference $(zipl_stage3) $(DESTDIR)$(TOOLS_LIBDIR)
 
 clean:
 	rm -f *.o $(zipl_helpers) $(chreipl_helpers) zipl zipl-editenv
@@ -49,6 +47,3 @@ clean:
 
 ../boot/.loaders:
 	$(MAKE) -C ../boot .loaders
-
-../boot/stage3.bin:
-	$(MAKE) -C ../boot stage3.bin