Have a look to this brand new toolkit for LabVIEW if you are interested to distribute LabVIEW executable with advanced licensing, automatic update capabilities and a lot more amazing features.
BLT for LabVIEW (Building, Licensing and Tracking)
http://sine.ni.com/nips/cds/view/p/lang/en/nid/211731
BLT for LabVIEW is a stand-alone program you can use to distribute LabVIEW applications for commercial use in a few clicks.
License your own LabVIEW application in a few clicks - no coding required
Automatically (and remotely) update your applications when you make changes in your LabVIEW code
Automate the build process for your LabVIEW executables
Get user activity reports and error logs so you can remotely debug your program
Use BLT scripting to remotely execute actions on a deployed computer, e.g., update LabVIEW RT Engine
Disable parts of your code with features definitions