diff --git a/core/libtool/PKGBUILD b/core/libtool/PKGBUILD
index 8386586eb..96b8561be 100644
--- a/core/libtool/PKGBUILD
+++ b/core/libtool/PKGBUILD
@@ -1,4 +1,6 @@
-# Maintainer:  Bartłomiej Piotrowski <bpiotrowski@archlinux.org>
+# Maintainer: Giancarlo Razzolini <grazzolini@archlinux.org>
+# Maintainer: Frederik Schwan <freswa at archlinux dot org>
+# Contributor:  Bartłomiej Piotrowski <bpiotrowski@archlinux.org>
 # Contributor: Allan McRae <allan@archlinux.org>
 # Contributor: judd <jvinet@zeroflux.org>
 
@@ -12,9 +14,9 @@
 noautobuild=1
 
 pkgname=libtool
-pkgver=2.4.6+44+gb9b44533
-pkgrel=16
-_gccver=11.1.0
+pkgver=2.4.6+59+gb55b1cc8
+pkgrel=2
+_gccver=11.2.0
 pkgdesc='A generic library support script'
 arch=(x86_64)
 url='https://www.gnu.org/software/libtool'
@@ -26,17 +28,19 @@ checkdepends=(gcc-fortran)
 provides=("libltdl=$pkgver")
 conflicts=(libltdl)
 replaces=(libltdl)
-options=('!distcc')
-_commit=b9b44533fbf7c7752ffd255c3d09cc360e24183b
+options=(!distcc)
+_commit=b55b1cc8419b544b5cc3e1c204b2ce85112ed762
 source=(git+https://git.savannah.gnu.org/git/libtool.git#commit=$_commit
         git+https://git.savannah.gnu.org/git/gnulib.git
         gnulib-bootstrap::git+https://github.com/gnulib-modules/bootstrap.git
         no_hostname.patch
+        disable-lto-link-order2.patch
         armv7h-nopic.patch)
 sha256sums=('SKIP'
             'SKIP'
             'SKIP'
             '693aabb24a6e7ce21fe0b5d14394e19edcb8476663b5afa4463f9fa0df24d946'
+            'b6dce6681f223b18a90614edbcdeb00f228abd1216e22c4bd07285321cd2ceb7'
             '0e19dec2dabc958ef5d1bcfd0879174766c5783032319fc17d5d6692b2b397c8')
 
 pkgver() {
@@ -49,6 +53,11 @@ prepare() {
 
   patch -Np1 -i ${srcdir}/no_hostname.patch
 
+  # test 67 is broken with lto
+  # this patch removes the -flto flag for this very test
+  # adapt when -ffat-lto-objects is enabled by Arch
+  patch -Np1 -i ${srcdir}/disable-lto-link-order2.patch
+
   git submodule init
   git config --local submodule.gnulib.url "$srcdir/gnulib"
   git config --local submodule.gl-mod/bootstrap.url "$srcdir/gnulib-bootstrap"
diff --git a/core/libtool/disable-lto-link-order2.patch b/core/libtool/disable-lto-link-order2.patch
new file mode 100644
index 000000000..7287cefe5
--- /dev/null
+++ b/core/libtool/disable-lto-link-order2.patch
@@ -0,0 +1,56 @@
+This patch is derived from 
+https://src.fedoraproject.org/rpms/libtool/blob/rawhide/f/libtool-2.4.6-disable-lto-link-order2.patch
+
+Enabling lto will result in failure during test phase, to be precise test 67 will cause it.
+Compiler flags for this test (and most likely for rest of them) are inherited from actual build phase.
+I'm not sure if this is expected.
+
+Most distribution disables this test. We try to keep it by stripping lto flags for it.
+
+Origin for this tests: https://bugs.debian.org/cgi-bin/bugreport.cgi?bug=391427
+
+--- a/tests/link-order2.at	2015-01-16 19:52:04.000000000 +0100
++++ b/tests/link-order2.at	2021-11-30 02:01:09.574451906 +0100
+@@ -47,6 +47,8 @@
+ AT_KEYWORDS([libtool])
+ AT_KEYWORDS([interactive])dnl running 'wrong' may cause a popup window.
+ 
++NO_LTO_CFLAGS=${CFLAGS/ -flto}
++
+ eval `$LIBTOOL --config | $EGREP '^(shlibpath_var|allow_undefined_flag)='`
+ 
+ undefined_setting=-no-undefined
+@@ -89,12 +91,12 @@
+ EOF
+ 
+ for file in a0 a1 b; do
+-  $LIBTOOL --mode=compile $CC $CPPFLAGS $CFLAGS -c $file.c
++  $LIBTOOL --mode=compile $CC $CPPFLAGS $NO_LTO_CFLAGS -c $file.c
+ done
+-$CC $CPPFLAGS $CFLAGS -c main.c
++$CC $CPPFLAGS $NO_LTO_CFLAGS -c main.c
+ 
+ # Build an old, installed library.
+-$LIBTOOL --mode=link $CC $CFLAGS $LDFLAGS $static -o liba0.la a0.lo -rpath $deflibdir
++$LIBTOOL --mode=link $CC $NO_LTO_CFLAGS $LDFLAGS $static -o liba0.la a0.lo -rpath $deflibdir
+ $LIBTOOL --mode=install cp liba0.la $deflibdir/liba0.la
+ $LIBTOOL --mode=clean rm -f liba0.la
+ 
+@@ -118,13 +120,13 @@
+     esac
+     test non-libtool,-static-libtool-libs = "$type_of_depdepl,$static" &&
+        static=-all-static
+-    $LIBTOOL --mode=link $CC $CFLAGS $LDFLAGS $static -o liba1.la a1.lo -rpath $libdir
+-    $LIBTOOL --mode=link $CC $CFLAGS $LDFLAGS $static -o libb.la b.lo liba1.la -rpath $libdir
+-    AT_CHECK([$LIBTOOL --mode=link $CC $CFLAGS $LDFLAGS $static -o main$EXEEXT main.$OBJEXT libb.la -la0],
++    $LIBTOOL --mode=link $CC $NO_LTO_CFLAGS $LDFLAGS $static -o liba1.la a1.lo -rpath $libdir
++    $LIBTOOL --mode=link $CC $NO_LTO_CFLAGS $LDFLAGS $static -o libb.la b.lo liba1.la -rpath $libdir
++    AT_CHECK([$LIBTOOL --mode=link $CC $NO_LTO_CFLAGS $LDFLAGS $static -o main$EXEEXT main.$OBJEXT libb.la -la0],
+ 	     [], [ignore], [ignore])
+     LT_AT_EXEC_CHECK([./main])
+     # Now test that if we reverse the link order, the program fails.
+-    AT_CHECK([$LIBTOOL --mode=link $CC $CFLAGS $LDFLAGS $static -o wrong$EXEEXT main.$OBJEXT -la0 libb.la],
++    AT_CHECK([$LIBTOOL --mode=link $CC $NO_LTO_CFLAGS $LDFLAGS $static -o wrong$EXEEXT main.$OBJEXT -la0 libb.la],
+ 	     [], [ignore], [ignore])
+     if test yes, != "$shared_fails,$static"; then
+       LT_AT_EXEC_CHECK([./wrong], [1], [], [ignore], [|| (exit 1)])