diff --git a/CMakeLists.txt b/CMakeLists.txt
index 702df78d1..abbcfa71b 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -75,10 +75,17 @@ option(ENABLE_LOG "Enable logging" ON)
 
 option(ENABLE_ARMA_NO_DEBUG OFF)
 
+option(ENABLE_STRIP "Create stripped binaries without debugging symbols, potentially smaller in size (GCC-only, Release build mode)" OFF)
+
+if((NOT (CMAKE_CXX_COMPILER_ID STREQUAL "GNU")) OR WIN32)
+    set(ENABLE_STRIP OFF)
+endif()
+
 if(ENABLE_PACKAGING)
     set(ENABLE_GENERIC_ARCH ON)
     set(ENABLE_ARMA_NO_DEBUG ON)
     set(CMAKE_VERBOSE_MAKEFILE ON)
+    set(ENABLE_STRIP OFF)
 endif()
 
 # Testing
@@ -221,6 +228,9 @@ else()
 endif()
 gnsssdr_check_build_type(${CMAKE_BUILD_TYPE})
 set(CMAKE_BUILD_TYPE ${CMAKE_BUILD_TYPE} CACHE STRING "")
+if(NOT (${CMAKE_BUILD_TYPE} STREQUAL "Release"))
+    set(ENABLE_STRIP OFF)
+endif()
 
 # Enable optimization options in GCC for Release and RelWithDebInfo build types
 if((${CMAKE_SYSTEM_NAME} MATCHES "Linux|kFreeBSD|GNU") AND (CMAKE_CXX_COMPILER_ID STREQUAL "GNU"))
@@ -886,13 +896,10 @@ if(NOT VOLKGNSSSDR_FOUND)
     endif()
 
     set(STRIP_VOLK_GNSSSDR_PROFILE "")
-    if(ENABLE_PACKAGING)
-        if((CMAKE_CXX_COMPILER_ID STREQUAL "GNU") AND NOT WIN32)
-            if(CMAKE_CROSSCOMPILING)
-                set(STRIP_VOLK_GNSSSDR_PROFILE "-DENABLE_STRIP=OFF -DCMAKE_VERBOSE_MAKEFILE=ON")
-            else()
-                set(STRIP_VOLK_GNSSSDR_PROFILE "-DENABLE_STRIP=ON -DCMAKE_VERBOSE_MAKEFILE=ON")
-            endif()
+    if((CMAKE_CXX_COMPILER_ID STREQUAL "GNU") AND NOT WIN32)
+        set(STRIP_VOLK_GNSSSDR_PROFILE "-DENABLE_STRIP=${ENABLE_STRIP}")
+        if(ENABLE_PACKAGING)
+            set(STRIP_VOLK_GNSSSDR_PROFILE "${STRIP_VOLK_GNSSSDR_PROFILE} -DCMAKE_VERBOSE_MAKEFILE=ON")
         endif()
     endif()
 
@@ -2917,6 +2924,7 @@ add_feature_info(ENABLE_PACKAGING ENABLE_PACKAGING "Enables software packaging."
 add_feature_info(ENABLE_OWN_GLOG ENABLE_OWN_GLOG "Forces the downloading and building of Google glog.")
 add_feature_info(ENABLE_OWN_ARMADILLO ENABLE_OWN_ARMADILLO "Forces the downloading and building of Armadillo.")
 add_feature_info(ENABLE_LOG ENABLE_LOG "Enables runtime internal logging with Google glog.")
+add_feature_info(ENABLE_STRIP ENABLE_STRIP "Enables the generation of stripped binaries (without debugging symbols).")
 add_feature_info(ENABLE_UNIT_TESTING ENABLE_UNIT_TESTING "Enables building of Unit Tests.")
 add_feature_info(ENABLE_UNIT_TESTING_MINIMAL ENABLE_UNIT_TESTING_MINIMAL "Enables building a minimal set of Unit Tests.")
 add_feature_info(ENABLE_UNIT_TESTING_EXTRA ENABLE_UNIT_TESTING_EXTRA "Enables building of Extra Unit Tests and downloading of external data files.")
diff --git a/docs/changelog.md b/docs/changelog.md
index dfa900dea..16017e0fc 100644
--- a/docs/changelog.md
+++ b/docs/changelog.md
@@ -15,6 +15,10 @@ SPDX-FileCopyrightText: 2011-2020 Carles Fernandez-Prades <carles.fernandez@cttc
 - Faster internal handling of `Gnss_Synchro` objects by reducing the amount of
   copying via adding `noexcept` move constructor and move assignment operators,
   so the move semantics are also used in STL containers.
+- Add building option `ENABLE_STRIP` to generate stripped binaries (that is,
+  without debugging symbols), smaller in size and potentially providing better
+  performance than non-stripped counterparts. Only for GCC in Release build
+  mode. Set to `OFF` by default.
 
 ### Improvements in Maintainability:
 
diff --git a/src/algorithms/libs/volk_gnsssdr_module/volk_gnsssdr/CMakeLists.txt b/src/algorithms/libs/volk_gnsssdr_module/volk_gnsssdr/CMakeLists.txt
index fa6f2cebb..f79c6f404 100644
--- a/src/algorithms/libs/volk_gnsssdr_module/volk_gnsssdr/CMakeLists.txt
+++ b/src/algorithms/libs/volk_gnsssdr_module/volk_gnsssdr/CMakeLists.txt
@@ -170,7 +170,7 @@ endif()
 set(CMAKE_CXX_FLAGS "${CMAKE_CXX_FLAGS} ${MY_CXX_FLAGS} -Wall")
 set(CMAKE_C_FLAGS "${CMAKE_C_FLAGS} -Wall")
 
-option(ENABLE_STRIP "Create a stripped volk_gnsssdr_profile binary (without shared libraries)" OFF)
+option(ENABLE_STRIP "Create a stripped volk_gnsssdr_profile binary (without debugging symbols)" OFF)
 if(ENABLE_STRIP)
     set(CMAKE_VERBOSE_MAKEFILE ON)
 endif()
diff --git a/src/main/CMakeLists.txt b/src/main/CMakeLists.txt
index ffc653db1..e763155a3 100644
--- a/src/main/CMakeLists.txt
+++ b/src/main/CMakeLists.txt
@@ -68,13 +68,14 @@ endif()
 
 if(${CMAKE_SYSTEM_NAME} MATCHES "Darwin")
     if(CMAKE_CXX_COMPILER_ID MATCHES "Clang")
-        target_link_libraries(gnss-sdr
-            PRIVATE
-                "-lc++"
-        )
+        target_link_libraries(gnss-sdr PRIVATE "-lc++")
     endif()
 endif()
 
+if(ENABLE_STRIP)
+    set_target_properties(gnss-sdr PROPERTIES LINK_FLAGS "-s")
+endif()
+
 if(ENABLE_CLANG_TIDY)
     if(CLANG_TIDY_EXE)
         set_target_properties(gnss-sdr
diff --git a/src/tests/CMakeLists.txt b/src/tests/CMakeLists.txt
index bd4d6ee2e..1115892b1 100644
--- a/src/tests/CMakeLists.txt
+++ b/src/tests/CMakeLists.txt
@@ -507,6 +507,9 @@ if(ENABLE_UNIT_TESTING)
     if(ENABLE_UNIT_TESTING_EXTRA)
         target_link_libraries(run_tests PRIVATE Gpstk::gpstk)
     endif()
+    if(ENABLE_STRIP)
+        set_target_properties(run_tests PROPERTIES LINK_FLAGS "-s")
+    endif()
     if(ENABLE_INSTALL_TESTS)
         if(EXISTS ${CMAKE_SOURCE_DIR}/install/run_tests)
             file(REMOVE ${CMAKE_SOURCE_DIR}/install/run_tests)
@@ -653,6 +656,10 @@ function(add_system_test executable)
         )
     endif()
 
+    if(ENABLE_STRIP)
+        set_target_properties(${executable} PROPERTIES LINK_FLAGS "-s")
+    endif()
+
     if(ENABLE_INSTALL_TESTS)
         if(EXISTS ${CMAKE_SOURCE_DIR}/install/${executable})
             file(REMOVE ${CMAKE_SOURCE_DIR}/install/${executable})
diff --git a/src/utils/front-end-cal/CMakeLists.txt b/src/utils/front-end-cal/CMakeLists.txt
index b0a96147b..5507abc2f 100644
--- a/src/utils/front-end-cal/CMakeLists.txt
+++ b/src/utils/front-end-cal/CMakeLists.txt
@@ -107,6 +107,10 @@ if(Boost_VERSION_STRING VERSION_GREATER 1.72.99)
     )
 endif()
 
+if(ENABLE_STRIP)
+    set_target_properties(front-end-cal PROPERTIES LINK_FLAGS "-s")
+endif()
+
 if(ENABLE_CLANG_TIDY)
     if(CLANG_TIDY_EXE)
         set_target_properties(front-end-cal
diff --git a/src/utils/rinex-tools/CMakeLists.txt b/src/utils/rinex-tools/CMakeLists.txt
index a81bd945d..440471de1 100644
--- a/src/utils/rinex-tools/CMakeLists.txt
+++ b/src/utils/rinex-tools/CMakeLists.txt
@@ -72,6 +72,10 @@ if("${ARMADILLO_VERSION_STRING}" VERSION_GREATER "9.800" OR (NOT ARMADILLO_FOUND
             ${GPSTK_INCLUDE_DIR}
     )
 
+    if(ENABLE_STRIP)
+        set_target_properties(obsdiff PROPERTIES LINK_FLAGS "-s")
+    endif()
+
     add_custom_command(TARGET obsdiff POST_BUILD
         COMMAND ${CMAKE_COMMAND} -E copy $<TARGET_FILE:obsdiff>
         ${CMAKE_SOURCE_DIR}/install/$<TARGET_FILE_NAME:obsdiff>
diff --git a/src/utils/rinex2assist/CMakeLists.txt b/src/utils/rinex2assist/CMakeLists.txt
index 100308049..1995e4ef5 100644
--- a/src/utils/rinex2assist/CMakeLists.txt
+++ b/src/utils/rinex2assist/CMakeLists.txt
@@ -97,6 +97,10 @@ if(Boost_FOUND)
         add_dependencies(rinex2assist gpstk-${GNSSSDR_GPSTK_LOCAL_VERSION})
     endif()
 
+    if(ENABLE_STRIP)
+        set_target_properties(rinex2assist PROPERTIES LINK_FLAGS "-s")
+    endif()
+
     add_custom_command(TARGET rinex2assist POST_BUILD
         COMMAND ${CMAKE_COMMAND} -E copy $<TARGET_FILE:rinex2assist>
             ${CMAKE_SOURCE_DIR}/install/$<TARGET_FILE_NAME:rinex2assist>