diff --git a/docs/documentation/build.md b/docs/documentation/build.md
index ddd16cfec8e5..a78428af1deb 100644
--- a/docs/documentation/build.md
+++ b/docs/documentation/build.md
@@ -366,3 +366,13 @@ Note: service worker support is experimental and subject to change.
     Use file name for lazy loaded chunks.
   </p>
 </details>
+
+<details>
+  <summary>bundle-dependencies</summary>
+  <p>
+    <code>--bundle-dependencies</code>
+  </p>
+  <p>
+    In a server build, state whether `all` or `none` dependencies should be bundles in the output.
+  </p>
+</details>
diff --git a/packages/@angular/cli/commands/build.ts b/packages/@angular/cli/commands/build.ts
index 55eda26e789d..b4ab4e7aeca1 100644
--- a/packages/@angular/cli/commands/build.ts
+++ b/packages/@angular/cli/commands/build.ts
@@ -183,6 +183,13 @@ export const baseBuildCommandOptions: any = [
     default: false,
     aliases: ['sri'],
     description: 'Enables the use of subresource integrity validation.'
+  },
+  {
+    name: 'bundle-dependencies',
+    type: ['none', 'all'],
+    default: 'none',
+    description: 'Available on server platform only. Which external dependencies to bundle into '
+               + 'the module. By default, all of node_modules will be kept as requires.'
   }
 ];
 
diff --git a/packages/@angular/cli/models/build-options.ts b/packages/@angular/cli/models/build-options.ts
index 28cce0341396..6ed4dcafb87a 100644
--- a/packages/@angular/cli/models/build-options.ts
+++ b/packages/@angular/cli/models/build-options.ts
@@ -17,6 +17,7 @@ export interface BuildOptions {
   locale?: string;
   missingTranslation?: string;
   extractCss?: boolean;
+  bundleDependencies?: 'none' | 'all';
   watch?: boolean;
   outputHashing?: string;
   poll?: number;
diff --git a/packages/@angular/cli/models/webpack-config.ts b/packages/@angular/cli/models/webpack-config.ts
index a63654213d94..a1e8e438b1d5 100644
--- a/packages/@angular/cli/models/webpack-config.ts
+++ b/packages/@angular/cli/models/webpack-config.ts
@@ -1,3 +1,4 @@
+import { readTsconfig } from '../utilities/read-tsconfig';
 const webpackMerge = require('webpack-merge');
 import { CliConfig } from './config';
 import { BuildOptions } from './build-options';
@@ -17,6 +18,7 @@ export interface WebpackConfigOptions<T extends BuildOptions = BuildOptions> {
   projectRoot: string;
   buildOptions: T;
   appConfig: any;
+  tsConfig: any;
 }
 
 export class NgCliWebpackConfig<T extends BuildOptions = BuildOptions> {
@@ -33,7 +35,10 @@ export class NgCliWebpackConfig<T extends BuildOptions = BuildOptions> {
     buildOptions = this.addTargetDefaults(buildOptions);
     buildOptions = this.mergeConfigs(buildOptions, appConfig, projectRoot);
 
-    this.wco = { projectRoot, buildOptions, appConfig };
+    const tsconfigPath = path.resolve(projectRoot, appConfig.root, appConfig.tsconfig);
+    const tsConfig = readTsconfig(tsconfigPath);
+
+    this.wco = { projectRoot, buildOptions, appConfig, tsConfig };
   }
 
   public buildConfig() {
diff --git a/packages/@angular/cli/models/webpack-configs/browser.ts b/packages/@angular/cli/models/webpack-configs/browser.ts
index bea9cfb97407..579b34991512 100644
--- a/packages/@angular/cli/models/webpack-configs/browser.ts
+++ b/packages/@angular/cli/models/webpack-configs/browser.ts
@@ -1,6 +1,7 @@
 import * as fs from 'fs';
 import * as webpack from 'webpack';
 import * as path from 'path';
+import * as ts from 'typescript';
 const HtmlWebpackPlugin = require('html-webpack-plugin');
 const SubresourceIntegrityPlugin = require('webpack-subresource-integrity');
 
@@ -67,7 +68,16 @@ export function getBrowserConfig(wco: WebpackConfigOptions) {
     }));
   }
 
+  const supportES2015 = wco.tsConfig.options.target !== ts.ScriptTarget.ES3
+                     && wco.tsConfig.options.target !== ts.ScriptTarget.ES5;
+
   return {
+    resolve: {
+      mainFields: [
+        ...(supportES2015 ? ['es2015'] : []),
+        'browser', 'module', 'main'
+      ]
+    },
     output: {
       crossOriginLoading: buildOptions.subresourceIntegrity ? 'anonymous' : false
     },
@@ -91,6 +101,19 @@ export function getBrowserConfig(wco: WebpackConfigOptions) {
         minChunks: Infinity,
         name: 'inline'
       })
-    ].concat(extraPlugins)
+    ].concat(extraPlugins),
+    node: {
+      fs: 'empty',
+      // `global` should be kept true, removing it resulted in a
+      // massive size increase with Build Optimizer on AIO.
+      global: true,
+      crypto: 'empty',
+      tls: 'empty',
+      net: 'empty',
+      process: true,
+      module: false,
+      clearImmediate: false,
+      setImmediate: false
+    }
   };
 }
diff --git a/packages/@angular/cli/models/webpack-configs/common.ts b/packages/@angular/cli/models/webpack-configs/common.ts
index 732427a97deb..3acc15d01de3 100644
--- a/packages/@angular/cli/models/webpack-configs/common.ts
+++ b/packages/@angular/cli/models/webpack-configs/common.ts
@@ -1,13 +1,11 @@
 import * as webpack from 'webpack';
 import * as path from 'path';
 import * as CopyWebpackPlugin from 'copy-webpack-plugin';
-import * as ts from 'typescript';
 import { NamedLazyChunksWebpackPlugin } from '../../plugins/named-lazy-chunks-webpack-plugin';
 import { InsertConcatAssetsWebpackPlugin } from '../../plugins/insert-concat-assets-webpack-plugin';
 import { extraEntryParser, getOutputHashFormat, AssetPattern } from './utils';
 import { isDirectory } from '../../utilities/is-directory';
 import { WebpackConfigOptions } from '../webpack-config';
-import { readTsconfig } from '../../utilities/read-tsconfig';
 
 const ConcatPlugin = require('webpack-concat-plugin');
 const ProgressPlugin = require('webpack/lib/ProgressPlugin');
@@ -160,19 +158,11 @@ export function getCommonConfig(wco: WebpackConfigOptions) {
   }
 
   // Read the tsconfig to determine if we should prefer ES2015 modules.
-  const tsconfigPath = path.resolve(projectRoot, appConfig.root, appConfig.tsconfig);
-  const tsConfig = readTsconfig(tsconfigPath);
-  const supportES2015 = tsConfig.options.target !== ts.ScriptTarget.ES3
-    && tsConfig.options.target !== ts.ScriptTarget.ES5;
 
   return {
     resolve: {
       extensions: ['.ts', '.js'],
       modules: ['node_modules', nodeModules],
-      mainFields: [
-        ...(supportES2015 ? ['es2015'] : []),
-        'browser', 'module', 'main'
-      ],
       symlinks: !buildOptions.preserveSymlinks
     },
     resolveLoader: {
@@ -201,19 +191,6 @@ export function getCommonConfig(wco: WebpackConfigOptions) {
     },
     plugins: [
       new webpack.NoEmitOnErrorsPlugin()
-    ].concat(extraPlugins),
-    node: {
-      fs: 'empty',
-      // `global` should be kept true, removing it resulted in a
-      // massive size increase with Build Optimizer on AIO.
-      global: true,
-      crypto: 'empty',
-      tls: 'empty',
-      net: 'empty',
-      process: true,
-      module: false,
-      clearImmediate: false,
-      setImmediate: false
-    }
+    ].concat(extraPlugins)
   };
 }
diff --git a/packages/@angular/cli/models/webpack-configs/server.ts b/packages/@angular/cli/models/webpack-configs/server.ts
index c3e5fb465587..48a40281ffe1 100644
--- a/packages/@angular/cli/models/webpack-configs/server.ts
+++ b/packages/@angular/cli/models/webpack-configs/server.ts
@@ -1,18 +1,32 @@
 import { WebpackConfigOptions } from '../webpack-config';
+import * as ts from 'typescript';
 
 /**
  * Returns a partial specific to creating a bundle for node
- * @param _wco Options which are include the build options and app config
+ * @param wco Options which are include the build options and app config
  */
-export function getServerConfig(_wco: WebpackConfigOptions) {
-  return {
+export function getServerConfig(wco: WebpackConfigOptions) {
+  const supportES2015 = wco.tsConfig.options.target !== ts.ScriptTarget.ES3
+                     && wco.tsConfig.options.target !== ts.ScriptTarget.ES5;
+
+  const config: any = {
+    resolve: {
+      mainFields: [
+        ...(supportES2015 ? ['es2015'] : []),
+        'main', 'module',
+      ],
+    },
     target: 'node',
     output: {
       libraryTarget: 'commonjs'
     },
-    externals: [
+    node: false,
+  };
+
+  if (wco.buildOptions.bundleDependencies == 'none') {
+    config.externals = [
       /^@angular/,
-      function (_: any, request: any, callback: (error?: any, result?: any) => void) {
+      (_: any, request: any, callback: (error?: any, result?: any) => void) => {
         // Absolute & Relative paths are not externals
         if (request.match(/^\.{0,2}\//)) {
           return callback();
@@ -33,6 +47,8 @@ export function getServerConfig(_wco: WebpackConfigOptions) {
           callback();
         }
       }
-    ]
-  };
+    ];
+  }
+
+  return config;
 }
diff --git a/tests/e2e/tests/build/platform-server.ts b/tests/e2e/tests/build/platform-server.ts
index e040242fd760..210d0a41832e 100644
--- a/tests/e2e/tests/build/platform-server.ts
+++ b/tests/e2e/tests/build/platform-server.ts
@@ -1,9 +1,16 @@
 import { normalize } from 'path';
 
 import { updateJsonFile, updateTsConfig } from '../../utils/project';
-import { expectFileToMatch, writeFile, replaceInFile, prependToFile } from '../../utils/fs';
+import {
+  expectFileToMatch,
+  writeFile,
+  replaceInFile,
+  prependToFile,
+  appendToFile,
+} from '../../utils/fs';
 import { ng, silentNpm, exec } from '../../utils/process';
 import { getGlobalVariable } from '../../utils/env';
+import { expectToFail } from '../../utils/utils';
 
 export default function () {
   // Skip this in Appveyor tests.
@@ -34,6 +41,7 @@ export default function () {
       dependencies['@angular/platform-server'] = platformServerVersion;
     }))
     .then(() => updateTsConfig(tsConfig => {
+      tsConfig.compilerOptions.types = ['node'];
       tsConfig['angularCompilerOptions'] = {
         entryModule: 'app/app.module#AppModule'
       };
@@ -73,5 +81,28 @@ export default function () {
     .then(() => replaceInFile('./index.js', /renderModule/g, 'renderModuleFactory'))
     .then(() => exec(normalize('node'), 'index.js'))
     .then(() => expectFileToMatch('dist/index.html',
-      new RegExp('<h2 _ngcontent-c0="">Here are some links to help you start: </h2>')));
+      new RegExp('<h2 _ngcontent-c0="">Here are some links to help you start: </h2>')))
+    .then(() => expectFileToMatch('./dist/main.bundle.js',
+      /require\(["']@angular\/[^"']*["']\)/))
+
+    // Check externals.
+    .then(() => prependToFile('./src/app/app.module.ts', `
+      import 'zone.js/dist/zone-node';
+      import 'reflect-metadata';
+    `)
+    .then(() => appendToFile('./src/app/app.module.ts', `
+      import * as fs from 'fs';
+      import { renderModule } from '@angular/platform-server';
+
+      renderModule(AppModule, \{
+        url: '/',
+        document: '<app-root></app-root>'
+      \}).then(html => \{
+        fs.writeFileSync('dist/index.html', html);
+      \});
+    `)))
+    .then(() => ng('build', '--bundle-dependencies=all'))
+    .then(() => expectToFail(() => expectFileToMatch('./dist/main.bundle.js',
+      /require\(["']@angular\/[^"']*["']\)/)))
+    .then(() => exec(normalize('node'), 'dist/main.bundle.js'));
 }