Maybe it's a compiler bug, and it might already be fixed. Do you have the current patches for Sun Studio 10? You can get them here:
http://developers.sun.com/sunstudio/downloads/patches/index.jsp
But the failure might be unrelated to Sun Studio -- it looks like fbe (a compiler component) failed to execute. That could be due to a resource limit being exceeded, or out of memory.
If you run just the one CC command do you still get the error? (The error message you show comes via gmake.)
Does the error always occur in the same place during the build?
How many compilations are you running in parallel?
If you reduce the number of parallel compilations, does the error go away?