It's really a shame, but for many years, Colt survived on their military business. SAA handguns are and were a losing proposition. The customer base is/was continuously shrinking and the imports, built to a better price point eroded Colt sales.
After the end of the lucrative military business, it was only a matter of time. Sad. But from a business standpoint, unavoidable. It will be interesting to see what CZ does going forward.
Stay Safe Out There