diff --git a/cmake/developer_package/OpenVINODeveloperScriptsConfig.cmake b/cmake/developer_package/OpenVINODeveloperScriptsConfig.cmake
index 50e4909330a..6197d664cff 100644
--- a/cmake/developer_package/OpenVINODeveloperScriptsConfig.cmake
+++ b/cmake/developer_package/OpenVINODeveloperScriptsConfig.cmake
@@ -220,6 +220,8 @@ set(CMAKE_POLICY_DEFAULT_CMP0094 NEW)
 set(CMAKE_POLICY_DEFAULT_CMP0111 NEW)
 # CMake 3.22+ :cmake_dependent_option() supports full Condition Syntax
 set(CMAKE_POLICY_DEFAULT_CMP0127 NEW)
+# CMake 3.24+ :prefers to set the timestamps of all extracted contents to the time of the extraction
+set(CMAKE_POLICY_DEFAULT_CMP0135 NEW)
 
 set(CMAKE_WARN_DEPRECATED OFF CACHE BOOL "Don't warn about obsolete cmake versions in 3rdparty")
 set(CMAKE_WARN_ON_ABSOLUTE_INSTALL_DESTINATION ON CACHE BOOL "Warn about absolute paths in destination")
diff --git a/cmake/developer_package/features.cmake b/cmake/developer_package/features.cmake
index 432f0044125..b6862a88a2f 100644
--- a/cmake/developer_package/features.cmake
+++ b/cmake/developer_package/features.cmake
@@ -8,10 +8,7 @@ include(target_flags)
 set (CPACK_GENERATOR "TGZ" CACHE STRING "Cpack generator for OpenVINO")
 list (APPEND OV_OPTIONS CPACK_GENERATOR)
 
-# FIXME: there are compiler failures with LTO and Cross-Compile toolchains. Disabling for now, but
-#        this must be addressed in a proper way
-ov_dependent_option (ENABLE_LTO "Enable Link Time Optimization" OFF
-    "LINUX;EMSCRIPTEN OR NOT CMAKE_CROSSCOMPILING;CMAKE_CXX_COMPILER_VERSION VERSION_GREATER 4.9" OFF)
+ov_dependent_option (ENABLE_LTO "Enable Link Time Optimization" OFF "LINUX;NOT ARM;CMAKE_CXX_COMPILER_VERSION VERSION_GREATER 4.9" OFF)
 
 ov_option (OS_FOLDER "create OS dedicated folder in output" OFF)