diff --git a/devel/arm-aout-binutils/Makefile b/devel/arm-aout-binutils/Makefile
index 78448d9d005e..3fc9e70350b4 100644
--- a/devel/arm-aout-binutils/Makefile
+++ b/devel/arm-aout-binutils/Makefile
@@ -7,7 +7,7 @@
 #
 
 PORTNAME=	binutils
-PORTVERSION=	2.11.2
+PORTVERSION=	2.12.1
 CATEGORIES=	devel
 MASTER_SITES=	${MASTER_SITE_SOURCEWARE}
 MASTER_SITE_SUBDIR=	binutils/releases
diff --git a/devel/arm-aout-binutils/distinfo b/devel/arm-aout-binutils/distinfo
index 8c6b22811d79..74e9fc147320 100644
--- a/devel/arm-aout-binutils/distinfo
+++ b/devel/arm-aout-binutils/distinfo
@@ -1 +1 @@
-MD5 (binutils-2.11.2.tar.bz2) = cf268611a9d8c0924d514ccaf0360caa
+MD5 (binutils-2.12.1.tar.bz2) = f67fe2e8065c5683bc34782de131f5d3
diff --git a/devel/arm-aout-binutils/files/patch-bfd-aout-arm.c b/devel/arm-aout-binutils/files/patch-bfd-aout-arm.c
deleted file mode 100644
index e7a881622279..000000000000
--- a/devel/arm-aout-binutils/files/patch-bfd-aout-arm.c
+++ /dev/null
@@ -1,19 +0,0 @@
---- bfd/aout-arm.c.orig	Mon Aug 21 10:22:41 2000
-+++ bfd/aout-arm.c	Mon Aug 21 10:23:42 2000
-@@ -20,13 +20,13 @@
- 
- 
- #define N_TXTADDR(x) \
--  ((N_MAGIC(x) == NMAGIC) ? 0x8000 : \
-+  ((N_MAGIC(x) == NMAGIC) ? 0x0000 : \
-    (N_MAGIC(x) != ZMAGIC) ? 0 : \
-    (N_SHARED_LIB(x)) ? ((x).a_entry & ~(TARGET_PAGE_SIZE - 1)) : \
-    TEXT_START_ADDR)
- 
--#define TEXT_START_ADDR 0x8000
--#define TARGET_PAGE_SIZE 0x8000
-+#define TEXT_START_ADDR 0x0000
-+#define TARGET_PAGE_SIZE 0x1000
- #define SEGMENT_SIZE TARGET_PAGE_SIZE
- #define DEFAULT_ARCH bfd_arch_arm
-