No, it will only run on Intel compatible processors.
You'll need LV Microprocessor SDK for that (AKA LVEmbedded). But you'll lose
the MMI. And you need to build toolchains yourself (although there is a
cygwin example shipped, and converting it to any gcc toolchain is not that
difficult).
There is a special LV MSDK for ARM processors, but not for all of them.
Regards,
Wiebe.