[WRF 3.5.1] **Internal compiler error: segmentation violation signal raised** with -O3 flag

Dear Sirs!

While building WRF 3.5.1, I encountered following errors:

mpif90 -f90=ifort -o module_bl_temf.o -c -O3 -ip -fp-model precise -w 
-ftz -align all -fno-alias -FR -convert big_endian    -I../dyn_em
-I../dyn_nmm   -I/home/dotcoder/src/WRFV3/external/esmf_time_f90
-I/home/dotcoder/src/WRFV3/main -I/
home/dotcoder/src/WRFV3/external/io_netcdf
-I/home/dotcoder/src/WRFV3/external/io_int
-I/home/dotcoder/src/WRFV3/frame -I/home/dotcoder/src/WRFV3/share
-I/home/dotcoder/src/WRFV3/phys -I/home/dotcoder/src/WRFV3/chem
-I/home/dotcoder/src/
WRFV3/inc -I/usr/local/netcdf-4.3.1.1//include  -i4  module_bl_temf.f90
catastrophic error: **Internal compiler error: segmentation violation
signal raised** Please report this error along with the circumstances
in which it occurred in a Software Problem Report.  Note: File and
line given may not be explicit
 cause of this error.
compilation aborted for module_bl_temf.f90 (code 1)
make[3]: [module_bl_temf.o] Error 1 (ignored)

There are no build errors with -O2 or -O1 optimization flags.

My system is RHEL 5.10 x86_64.

Intel Compiler Version:
Intel(R) Fortran Intel(R) 64 Compiler XE for applications running on
Intel(R) 64, Version 14.0.2.144 Build 20140120
Copyright (C) 1985-2014 Intel Corporation.  All rights reserved.
FOR NON-COMMERCIAL USE ONLY

Please, let me know, what more information I should provide.

Best regards,
MB