Should have said firearms instead of FA.
I looked it up, seems they are still in the biz.
Yes, Olympic Arms is still in business, but they are definitely considered second or third rank in the AR business these days.
Most of the other competitors have much better quality products, often at better prices. Oly has pretty much been sitting on their butts since 2000 or so.
Check out the forums at ar-15.com for more info on what’s what these days.