OTTAWA, Ontario, Sept. 9, 2026 – Lockheed Martin (NYSE: LMT) Canada is committing $11.7M CAD towards Avalon Holographics, a Canadian leader in the design and manufacturing of holographic display technologies for defence, industrial design and medical applications.
Based in St. John’s, Newfoundland and Labrador, Avalon Holographics has collaborated with Lockheed Martin Canada since 2020. Building on this successful relationship, the commitment includes a new $5.6M CAD contract, following an initial $6.1M CAD Phase 1 investment, and will support the continued growth of high-skilled jobs and innovation in St. John’s and Edmonton.
This investment helps Lockheed Martin Canada fulfill its economic impact commitments associated with the River-class destroyer program and the Victoria-class Submarine Command and Control System contract, under the Industrial and Technological Benefits policy.
WHY IT MATTERS
This investment supports the advancement of Avalon’s groundbreaking true 3D holographic displays. The first of their kind in the world, these technologies bring digital models into the real-world without glasses or headsets, allowing users to better understand complex information and make faster, more accurate decisions. In defence applications, these innovative technologies enhance training, simulation, and mission planning capabilities while improving situational awareness and enabling a deeper understanding of complex operational environments and systems.
Since 2020, Lockheed Martin Canada’s partnership with Avalon has helped progress its core holographic capabilities and accelerate the company’s transition from early-stage development to commercial deployment, supported by installation of an Avalon display at Lockheed Martin’s Center for Innovation, The Lighthouse.
The renewed partnership and continued investment signal strong validation of Avalon’s technology and will help to fund table-top prototypes and to advance large-scale flat-panel lightfield displays.
Primary development for these projects will take place in St. John’s, Newfoundland and Labrador and Edmonton, Alberta, and will support high-skilled jobs in engineering, software and manufacturing while driving Canadian innovation and sovereign capabilities.
Aligned with Canada’s Defence Industrial Strategy and Industrial and Technological Benefits policy, this investment delivers long-term economic benefit, building on Lockheed Martin Canada’s measurable impact in Canada. Over the past 5 years, Lockheed Martin Canada has contributed a total of $3.6B CAD of value added to Canada’s gross domestic product and supported an average of 4,561 jobs annually.
EXPERT PERSPECTIVES
“At Avalon, we’re committed to delivering world-class technologies for Canadian businesses and industry,” said Wally Haas, President and Founder, Avalon Holographics. “This investment has already enabled meaningful growth within our company, including significant workforce growth, and this next phase of partnership demonstrates Lockheed Martin Canada’s continued confidence in our work. We look forward to seeing where this collaboration will take us in the future.”
“At Lockheed Martin Canada, our coast-to-coast partnerships and supply chains are a key part of our identity,” said Stephen Isaacs, General Manager, Lockheed Martin Canada Rotary and Mission Systems. “Our investment in Avalon Holographics will enable continued innovation from an incredible Canadian company, supporting employment opportunities across the country and contributing to the development of critical new training and simulation capabilities.”
ADDITIONAL CONTEXT
The River-class destroyer program is the largest and most complex shipbuilding initiative undertaken in Canada in generations and will serve as the cornerstone of the Royal Canadian Navy’s future combat fleet. With construction of the first vessel now underway at Irving Shipbuilding Inc., Lockheed Martin Canada is delivering and integrating the ships’ advanced combat management systems, providing the critical command-and-control capabilities needed to support modern naval operations for decades to come.
About Lockheed Martin Canada
Headquartered in Ottawa, Lockheed Martin Canada is a wholly-owned subsidiary of Lockheed Martin Corporation. Our over 1300-strong Canadian workforce accelerates the delivery of all-domain mission solutions for Canada and allies, providing advanced software engineering, systems integration, manufacturing, training and sustainment services. More information at lockheedmartin.ca.
About Avalon Holographics
Headquartered in St. John’s, Newfoundland and Labrador, Avalon Holographics is a Canadian technology company developing next-generation holographic display systems for defence, industrial, and medical applications. With operations in St. John’s and Edmonton, Avalon is leading the next wave of display technology with light field displays that revolutionize the way people produce, view and understand visual content. By replicating the experience of looking at real objects, Avalon’s displays produce realistic and natural 3D experiences. Through its proprietary holographic technologies, Avalon is advancing training, simulation, engineering, and decision-support capabilities while strengthening Canada’s leadership in advanced visualization and manufacturing. More information at avalonholographics.com.
Lockheed Martin’s investment in Avalon Holographics is good news. Just don’t buy it…