diff --git a/Makefile b/Makefile
index 405203fda..a9fb15ffc 100644
--- a/Makefile
+++ b/Makefile
@@ -37,7 +37,7 @@ install-libs:
 	git submodule update
 
 install-utils: check-system
-	make -C utils/ install-asc install-closure install-tamarin install-js install-node-modules
+	make -C utils/ install-asc install-closure install-tamarin install-js install-node-modules install-flex-sdk
 
 BASE ?= $(error ERROR: Specify BASE that points to the Shumway folder with installed utils)
 
@@ -64,6 +64,11 @@ check-extension: build-extension
 build-web:
 	make -C web/ build
 
+MXMLC_FLAGS ?= -static-link-runtime-shared-libraries
+MXMLC = ./utils/flex_sdk/bin/mxmlc $(MXMLC_FLAGS)
+%.swf: %.as
+	$(MXMLC) $<
+
 update-flash-refs:
 	node utils/update-flash-refs.js examples/inspector/inspector.html src/flash
 	node utils/update-flash-refs.js examples/racing/index.html src/flash
diff --git a/utils/Makefile b/utils/Makefile
index 607aac30a..542d44824 100755
--- a/utils/Makefile
+++ b/utils/Makefile
@@ -36,6 +36,9 @@ CLOSURE_URL = http://closure-compiler.googlecode.com/files/compiler-latest.zip
 ASC_JAR = ./asc.jar
 ASC_URL = ftp://ftp.mozilla.org/pub/js/tamarin/builds/asc/latest/asc.jar
 
+FLEX_HOME = ./flex_sdk
+FLEX_URL = http://download.macromedia.com/pub/flex/sdk/flex_sdk_4.6.zip
+
 ifeq ($(UNAME), Darwin)
 DARWING_VER = $(shell uname -a)
 ifneq ("$(filter 12.%, $(DARWING_VER))", "")
@@ -124,6 +127,12 @@ install-node-modules:
 install-swfdec:
 	git clone git://anongit.freedesktop.org/swfdec/swfdec
 
+install-flex-sdk:
+	-rm -rf $(FLEX_HOME)
+	mkdir -p $(FLEX_HOME)
+	wget $(FLEX_URL) -O $(FLEX_HOME)/flex_sdk.zip
+	unzip $(FLEX_HOME)/flex_sdk.zip -d $(FLEX_HOME)
+
 build-playerglobal:
 	make -C playerGlobal/ build
 
@@ -133,7 +142,7 @@ clean:
 	-rm -rf $(JSSHELL_HOME)
 	make -C playerGlobal/ clean
 
-.PHONY: install-tamarin install-js install-swfdec \
+.PHONY: install-tamarin install-js install-swfdec install-flex-sdk \
         install-node-modules build-tamarin-tests build-playerglobal \
         clean default