diff --git a/Makefile.fips b/Makefile.fips
index e60a728dc..6b88f750c 100644
--- a/Makefile.fips
+++ b/Makefile.fips
@@ -634,7 +634,7 @@ install_sw:
 	chmod 644 $(INSTALL_PREFIX)$(INSTALLTOP)/include/openssl/$$i ); \
 	done;
 	@set -e; target=install; $(RECURSIVE_BUILD_CMD)
-	@set -e; for i in $(LIBS) ;\
+	@set -e; for i in "$(LIBS)" ;\
 	do \
 		if [ -f "$$i" ]; then \
 		(       echo installing $$i; \
diff --git a/Makefile.org b/Makefile.org
index 3e95c0a02..cb7893e43 100644
--- a/Makefile.org
+++ b/Makefile.org
@@ -645,7 +645,7 @@ install_sw:
 	chmod 644 $(INSTALL_PREFIX)$(INSTALLTOP)/include/openssl/$$i ); \
 	done;
 	@set -e; target=install; $(RECURSIVE_BUILD_CMD)
-	@set -e; for i in $(LIBS) ;\
+	@set -e; for i in "$(LIBS)" ;\
 	do \
 		if [ -f "$$i" ]; then \
 		(       echo installing $$i; \