TransTechnology Corp., Liberty Corner, N.J., completed the sale of all of the shares of its Aerospace Rivet Manufacturers Corp. subsidiary (ARM) for cash consideration of $3.2 million, plus the assumption of certain liabilities, to Allfast Fastening Systems Inc., in Los Angeles, Calif. The company previously announced a restructuring program through which it planned to exit the manufacture of specialty fasteners and other industrial products in order to focus solely on the design and manufacture of defense and aerospace products.