UPDATE: Olympic Arms Restructuring; NOT Closing Its Doors

Olympic Arms
We reported here at TFB in late January that Olympic Arms announced that they were shutting down. The effective timeline of when that would occur was not set in stone. Like many companies that close their doors, it is a very unexpected and fluid transition out of the market. Many shooters have noticed that Olympic Arms has continued to sell parts and even some rifles all the way into this summer. This has drawn a lot of suspicion that maybe Olympics Arms is not leaving us… Well, to answer that question, Olympic Arms is here to stay for the time being! Olympic Arms offered up this Status Update to many dealers and distributors recently to keep everyone in the loop.
[Olympia, Washington] – Thank you all for your years of patronage, and for continuing your interest with Olympic Arms. As time moves forward, we’d like to update our customers and followers with the latest information regarding the changes here at Olympic Arms.
First of all, we’d like to apologize for any confusion that currently may exist. Circumstances since our original announcement made January 2017 have changed, and remain fluid. During this period of change, we’d like to assure you that Olympic Arms remains open and active, and that you may continue to purchase with confidence.
Current market trends are forcing a restructuring of operations and an inevitable downsizing. However, at this time our full intent is to continue uninterrupted operations and pursue a variety of options that allow us to move forward continuing our innovation in the AR15 industry, and the possible expansion into other arenas within the industry. No paths are off-limits to our consideration.
You may have heard or understood that Olympic Arms is in the process of entertaining offers for the sale or restructuring of the company. This too is accurate. Some offers being considered include the complete transfer of ownership of Olympic Arms, while others may include a reorganization and moving forward with the same or similar management. At this time, we are not certain which outcome will prevail, so we continue to move forward with the utmost optimism.
It is probable that whatever solution is found, Olympic Arms will relocate within the next calendar year. This relocation will likely be a local move, but if the company is sold as entire entity, this decision will be made at that time, and every effort will be pursued to offer continued service to our entire customer base.
Thank you again for all your kind words, emails and phone calls of support during this challenging time. We will do our best to keep you posted as things progress.
Many AR-15 companies have faced difficult times in the last year going through a very soft market for black guns. It is promising knowing that Olympic Arms will be around longer; hopefully another 40 years.


The outdoors, fitness and anything related to firearms are my passions. I am a S&W Armorer, Glock Armorer, reloader and am coping with an addiction to classic S&W and Colt revolvers (by buying more revolvers). I’ve been a guest writer for Sierra Bullets and love long walks to the gun range.


Advertisement

  • PK

    This is great news! I was really expecting them to be gone already, based on the last statement released.

    Knowing they’ll be around longer, hopefully much longer, is nice… they really have added a lot of unique ideas to the AR market, especially on the civilian side.

    • Brett baker

      Yeah, but,but, because of Olympic we got cut off from cheap surplus shell core 7.62×39. Supposedly.

      • PK

        Yeah, without them that absolutely wouldn’t have been inevitably done a different way and with a different scapegoat, not under that administration!

  • MrBrassporkchop

    Never dealt with them but as an outsider I think they should rework their appearance.
    Like website, font, logo…everything. Everything just had a 2nd rate/cheap feel to it. Not saying they actually ARE 2nd rate or cheap but now days actual 2nd rate companies come with a 1st rate appearance.

  • Alex A.

    Man, I feel for the employees that’s gotta be really stressful for everyone. As I was ready I couldn’t help but think about that. I wish Good luck to all of them and hope they find a good solution.

  • Red McCloud

    Glad to see OA still sticking around. I’ve heard a lot of complaints about their products but personally, even though they’re not a bit overpriced, their guns are still great and their variety in models and calibers was and is unmatched. Hopefully they bring back their plinkers (and lower the prices significantly on them) and sell spare parts though, I need rear sight parts for my slabside upper!

  • MJ Coleman

    I imagine that the “make a crappy product and then overcharge for it” business model failed them. Perhaps this time around they will try and reach Taurus levels of quality control.

  • PersonCommenting

    Dummies stopped making their most unique products. They were way ahead of the AR pistol caliber market and yet not a 9mm AR in GLOCK mags to be found. They were one of 3 companies to make decent production runs of these. One of the others being ATI.

    • Anonymoose

      Maybe they’ll make a lower that takes Glock mags in .45 and 10mm, and bring back their .30 Carbine AR.

      • Christian Hedegaard-Schou

        Several much better/higher quality manufacturers already make lowers that take G21/G20 magazines.

        • Anonymoose

          The only one I know of is Quarter Circle 10.

          • Christian Hedegaard-Schou

            PSA makes them as well. New Frontier has them also.

    • El Duderino

      Palmetto and their neighbor Aero Precision are so far ahead of Olympic Arms…they could have been that but instead went off to make a bunch of proprietary crap.

      Proprietary is good when it’s an improvement (or your marketing convinces everyone it’s an improvement). Proprietary sucks when it’s goofy-big pistol caliber AR magazines or adding a weird A2-style finger groove on a 1911.

      • PersonCommenting

        I agree, those were the only ones you could find. I will say those sold out pretty quickly but they were also some of the cheapest. Who knows how long it took.

  • PersonCommenting

    I wonder if the Whitney copy will come back with them.

  • john huscio

    So the original “bottom of the barrel” AR maker returns………..thanks for getting steel core 7.62×39 banned you dumb f**ks

    • Wasn’t that 5.45×39?

    • Taylor Hardin

      The thing is they used to make some cool items, then they fell into obscurity.

    • mcjagermech

      How so?

  • i1776

    They need to close. I was a victim of their factory fire. My POS Oly rifle was there to be fixed because it would not go bang reliably worth a damn when it burned down and I waited for the ATF to identify it. Then they sent me a new POS and I sold it.

  • mazkact

    Their AR 15 uppers in WSSM chamberings always intrigued me. I only saw them on their website years ago and never saw one at the range or read any stories about them. I thought that if anything would save the popularity of the WSSM calibers it would be that they fit in an AR-15 COL envelope.

    • Grendel Medlord

      I was intrigued too and wanted one for hunting. .25 WSSM or .300 OSSM sound pretty good for deer. But the only reviews I could find were all bad, so I forgot about that pretty quick.

  • Mazryonh

    With the recent popularity of Pistol Caliber Carbines, I don’t know why they haven’t put out models that can take Glock magazines yet, like so many other PCC manufacturers. OA is behind the curve there.