You can add Oakley to the list of sponsors who have dropped Lance Armstrong like a hot potato in the wake of the USADA report detailing an alleged doping program on Armstrong's teams throughout his Tour de France championship runs.
Oakley makes sunglasses and sporting apparel.
Other sponsors that have dropped Armstrong include Nike, Trek Bicycles, Anheuser-Busch, 24 Hour Fitness and Honey Stinger.
Oakley said it was waiting to hear whether UCI, cycling's governing body, would strip Armstrong of his seven Tour de France titles. UCI announced on Monday that it would.
Armstrong's biggest sponsor was Nike, which dropped him last Wednesday.
"Due to the seemingly insurmountable evidence that Lance Armstrong participated in doping and misled Nike for more than a decade, it is with great sadness that we have terminated our contract with him," Nike said. "Nike does not condone the use of illegal performance-enhancing drugs in any manner. Nike plans to continue support of the Livestrong initiatives created to unite, inspire and empower people affected by cancer."