diff --git a/src/plugins/mcusupport/mcusupportoptions.cpp b/src/plugins/mcusupport/mcusupportoptions.cpp
index a1b5ec219f1..cfb3dcc3643 100644
--- a/src/plugins/mcusupport/mcusupportoptions.cpp
+++ b/src/plugins/mcusupport/mcusupportoptions.cpp
@@ -764,6 +764,27 @@ static void setKitEnvironment(Kit *k, const McuTarget *mcuTarget,
     EnvironmentKitAspect::setEnvironmentChanges(k, changes);
 }
 
+static void setKitDependencies(Kit *k, const McuTarget *mcuTarget,
+                              const McuPackage *qtForMCUsSdkPackage)
+{
+    NameValueItems dependencies;
+
+    auto processPackage = [&dependencies](const McuPackage *package) {
+        if (!package->environmentVariableName().isEmpty())
+            dependencies.append({package->environmentVariableName(),
+                            QDir::toNativeSeparators(package->detectionPath())});
+    };
+    for (auto package : mcuTarget->packages())
+        processPackage(package);
+    processPackage(qtForMCUsSdkPackage);
+
+    McuDependenciesKitAspect::setDependencies(k, dependencies);
+
+    auto irrelevant = k->irrelevantAspects();
+    irrelevant.insert(McuDependenciesKitAspect::id());
+    k->setIrrelevantAspects(irrelevant);
+}
+
 static void setKitCMakeOptions(Kit *k, const McuTarget* mcuTarget, const QString &qulDir)
 {
     using namespace CMakeProjectManager;
@@ -886,6 +907,7 @@ Kit *McuSupportOptions::newKit(const McuTarget *mcuTarget, const McuPackage *qtF
         setKitToolchains(k, mcuTarget->toolChainPackage());
         setKitDebugger(k, mcuTarget->toolChainPackage());
         setKitEnvironment(k, mcuTarget, qtForMCUsSdk);
+        setKitDependencies(k, mcuTarget, qtForMCUsSdk);
         setKitCMakeOptions(k, mcuTarget, qtForMCUsSdk->path());
         setKitQtVersionOptions(k);
 
@@ -1006,7 +1028,130 @@ void McuSupportOptions::fixExistingKits()
             }
         }
     }
+
+    // Fix kit dependencies for known targets
+    auto qtForMCUsPackage = Sdk::createQtForMCUsPackage();
+    qtForMCUsPackage->updateStatus();
+    if (qtForMCUsPackage->validStatus()) {
+        auto dir = FilePath::fromUserInput(qtForMCUsPackage->path());
+        QVector<McuPackage*> packages;
+        QVector<McuTarget*> mcuTargets;
+        Sdk::targetsAndPackages(dir, &packages, &mcuTargets);
+        for (auto target: qAsConst(mcuTargets))
+            for (auto kit: existingKits(target)) {
+                if (McuDependenciesKitAspect::dependencies(kit).isEmpty()) {
+                    setKitDependencies(kit, target, qtForMCUsPackage);
+                }
+            }
+
+        qDeleteAll(packages);
+        qDeleteAll(mcuTargets);
+    }
+    delete qtForMCUsPackage;
 }
 
+class McuDependenciesKitAspectWidget final : public KitAspectWidget
+{
+    Q_DECLARE_TR_FUNCTIONS(McuSupport::McuDependenciesKitAspect)
+
+public:
+    McuDependenciesKitAspectWidget(Kit *workingCopy, const KitAspect *ki)
+        : KitAspectWidget(workingCopy, ki)
+    {
+        m_emptyWidget = new QWidget();
+    }
+
+    ~McuDependenciesKitAspectWidget() override {
+        delete m_emptyWidget;
+    }
+    void makeReadOnly() override {}
+    void refresh() override {}
+    QWidget *mainWidget() const override {
+        return m_emptyWidget;
+    }
+private:
+    QWidget *m_emptyWidget;
+};
+
 } // Internal
+
+McuDependenciesKitAspect::McuDependenciesKitAspect()
+{
+    setObjectName(QLatin1String("McuDependenciesKitAspect"));
+    setId(McuDependenciesKitAspect::id());
+    setDisplayName(tr("Mcu Dependencies"));
+    setDescription(tr("Paths to 3rd party dependencies"));
+    setPriority(28500);
+}
+
+Tasks McuDependenciesKitAspect::validate(const Kit *k) const
+{
+    Tasks result;
+    QTC_ASSERT(k, return result);
+
+    const QVariant checkFormat = k->value(McuDependenciesKitAspect::id());
+    if (!checkFormat.isNull() && !checkFormat.canConvert(QVariant::List))
+        return { BuildSystemTask(Task::Error, tr("The mcu dependencies setting value is invalid.")) };
+
+    const QVariant envStringList = k->value(EnvironmentKitAspect::id());
+    if (!envStringList.isNull() && !envStringList.canConvert(QVariant::List))
+         return { BuildSystemTask(Task::Error, tr("The environment setting value is invalid.")) };
+
+    const auto environment = Utils::NameValueDictionary(envStringList.toStringList());
+    for (const auto &dependency: dependencies(k)) {
+        if (!environment.hasKey(dependency.name)) {
+            result << BuildSystemTask(Task::Warning, tr("Environment variable %1 not defined.").arg(dependency.name));
+        } else {
+            const auto path = Utils::FilePath::fromString(environment.value(dependency.name) + "/" + dependency.value);
+            if (!path.exists()) {
+                result << BuildSystemTask(Task::Warning, tr("%1 not found.").arg(path.toUserOutput()));
+            }
+        }
+    }
+
+    return result;
+}
+
+void McuDependenciesKitAspect::fix(Kit *k)
+{
+    QTC_ASSERT(k, return);
+
+    const QVariant variant = k->value(McuDependenciesKitAspect::id());
+    if (!variant.isNull() && !variant.canConvert(QVariant::List)) {
+        qWarning("Kit \"%s\" has a wrong mcu dependencies value set.", qPrintable(k->displayName()));
+        setDependencies(k, Utils::NameValueItems());
+    }
+}
+
+KitAspectWidget *McuDependenciesKitAspect::createConfigWidget(Kit *k) const
+{
+    QTC_ASSERT(k, return nullptr);
+    return new Internal::McuDependenciesKitAspectWidget(k, this);
+}
+
+KitAspect::ItemList McuDependenciesKitAspect::toUserOutput(const Kit *k) const
+{
+    Q_UNUSED(k);
+    return {};
+}
+
+Utils::Id McuDependenciesKitAspect::id()
+{
+    return "PE.Profile.McuDependencies";
+}
+
+
+Utils::NameValueItems McuDependenciesKitAspect::dependencies(const Kit *k)
+{
+     if (k)
+         return Utils::NameValueItem::fromStringList(k->value(McuDependenciesKitAspect::id()).toStringList());
+     return Utils::NameValueItems();
+}
+
+void McuDependenciesKitAspect::setDependencies(Kit *k, const Utils::NameValueItems &dependencies)
+{
+    if (k)
+        k->setValue(McuDependenciesKitAspect::id(), Utils::NameValueItem::toStringList(dependencies));
+}
+
 } // McuSupport
diff --git a/src/plugins/mcusupport/mcusupportoptions.h b/src/plugins/mcusupport/mcusupportoptions.h
index 33dc340b571..f94a8b5e8c8 100644
--- a/src/plugins/mcusupport/mcusupportoptions.h
+++ b/src/plugins/mcusupport/mcusupportoptions.h
@@ -26,8 +26,10 @@
 #pragma once
 
 #include "mcusupportversiondetection.h"
+#include "mcusupport_global.h"
 
 #include <utils/id.h>
+#include <projectexplorer/kitinformation.h>
 
 #include <QObject>
 #include <QVector>
@@ -234,4 +236,24 @@ signals:
 };
 
 } // namespace Internal
+
+class MCUSUPPORTSHARED_EXPORT McuDependenciesKitAspect : public ProjectExplorer::KitAspect
+{
+    Q_OBJECT
+
+public:
+    McuDependenciesKitAspect();
+
+    ProjectExplorer::Tasks validate(const ProjectExplorer::Kit *k) const override;
+    void fix(ProjectExplorer::Kit *k) override;
+
+    ProjectExplorer::KitAspectWidget *createConfigWidget(ProjectExplorer::Kit *k) const override;
+
+    ItemList toUserOutput(const ProjectExplorer::Kit *k) const override;
+
+    static Utils::Id id();
+    static Utils::NameValueItems dependencies(const ProjectExplorer::Kit *k);
+    static void setDependencies(ProjectExplorer::Kit *k, const Utils::NameValueItems &dependencies);
+};
+
 } // namespace McuSupport
diff --git a/src/plugins/mcusupport/mcusupportplugin.cpp b/src/plugins/mcusupport/mcusupportplugin.cpp
index dec7c66c713..4a81ba2699a 100644
--- a/src/plugins/mcusupport/mcusupportplugin.cpp
+++ b/src/plugins/mcusupport/mcusupportplugin.cpp
@@ -59,6 +59,7 @@ public:
         {Constants::RUNCONFIGURATION}
     };
     McuSupportOptionsPage optionsPage;
+    McuDependenciesKitAspect environmentPathsKitAspect;
 };
 
 static McuSupportPluginPrivate *dd = nullptr;