<SUBMISSION>
<ACCESSION-NUMBER>0000012355-06-000158
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20060720
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20060720
<DATE-OF-FILING-DATE-CHANGE>20060720
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>BLACK & DECKER CORP
<CIK>0000012355
<ASSIGNED-SIC>3540
<IRS-NUMBER>520248090
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>1205
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>333-03593
<FILM-NUMBER>06972363
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>701 E JOPPA RD
<CITY>TOWSON
<STATE>MD
<ZIP>21286
<PHONE>4107163900
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>701 EAST JOPPA ROAD
<STREET2>MAIL STOP TW 290
<CITY>TOWSON
<STATE>MD
<ZIP>21286
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>BLACK & DECKER MANUFACTURING CO
<DATE-CHANGED>19850206
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k07202006a.htm
<DESCRIPTION>FORM 8-K FILED JULY 20, 2006
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>UNITED STATES<BR>SECURITIES AND
EXCHANGE COMMISSION<BR>Washington, D.C. 20549 </FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 8-K </FONT></H1>


<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>CURRENT REPORT<BR>Pursuant to Section 13
or 15(d) of<BR>The Securities
Exchange Act of 1934 </FONT></H1>
<BR><BR>
<P ALIGN="Center"><FONT FACE="Times New Roman" SIZE="2"><B>Date of Report (Date of earliest event reported)&nbsp;&nbsp;&nbsp;July 20, 2006
<BR><BR><BR><BR>
THE BLACK &amp; DECKER CORPORATION<BR>(Exact name of registrant as specified in its charter)</B></FONT></P>
<BR><BR>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%" ALIGN="CENTER">
<TR VALIGN="BOTTOM">
     <TH ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE="2"></FONT></TH>
     <TH ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE="2"></FONT></TH>
     <TH ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD ALIGN="CENTER" WIDTH="37%"><FONT FACE="Times New Roman" SIZE="2"><B>Maryland <BR>
(State or other jurisdiction<BR>
&nbsp;&nbsp;of incorporation)
</B></FONT></TD>
     <TD ALIGN="CENTER" WIDTH="26%"><FONT FACE="Times New Roman" SIZE="2"><B>1-1553       <BR>
(Commission File Number)</B>
</FONT></TD>
     <TD ALIGN="CENTER" WIDTH="37%"><FONT FACE="Times New Roman" SIZE="2"><B>52-0248090     <BR>
(IRS Employer<BR>
&nbsp;Identification No.)</B>
</FONT></TD></TR>
</TABLE>
<BR><BR>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="Center" WIDTH="80%" BORDER="0">
<TR VALIGN="BOTTOM">
     <TH ALIGN="CENTER"></TH>
     <TH ALIGN="CENTER"></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="50%" ALIGN="CENTER">&nbsp;&nbsp;<FONT FACE="Times New Roman" SIZE="2"><B>701 East Joppa Road, Towson, Maryland   <BR>
(Address of principal executive offices)</B></FONT>
</TD>
     <TD WIDTH="50%" ALIGN="Center">&nbsp;&nbsp;<FONT FACE="Times New Roman" SIZE="2"><B>21286   <BR>
(Zip Code)</B></FONT>
</TD></TR>
</TABLE>

<BR><BR>
<P ALIGN="Center"><FONT FACE="Times New Roman" SIZE="2"><B>Registrant's telephone number, including area code&nbsp;&nbsp;&nbsp;410-716-3900</B></FONT></P>
<BR>
<P ALIGN="Center"><FONT FACE="Times New Roman" SIZE="2"><B>Not Applicable<BR>(Former name or former address, if changed since last report.)</B></FONT></P>



<P><FONT FACE="Times" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to  simultaneously  satisfy the filing  obligation
of the registrant under any of the following provisions:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="3%"><FONT FACE="Times New Roman" SIZE="2">[ ]<BR>
[ ]<BR>
[ ]<BR>
[ ]
</FONT></TD>
     <TD WIDTH="97%"><FONT FACE="Times New Roman" SIZE="2">&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR>
&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
&nbsp;(17 CFR 240.14d-2(b))<BR>
&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
&nbsp;&nbsp;(17 CFR 240.13e-4(c))
</FONT></TD></TR>
</TABLE>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<DIV STYLE="page-break-after:always"></DIV>


<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A NAME=A010></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>-2-</FONT></P>




<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A001></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 7.01 REGULATION FD
DISCLOSURE. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>On July 20, 2006, the Corporation
announced that its Board of Directors had increased the Corporation&#146;s authorization
under its stock repurchase program by 8.0 million shares. In addition, the Board of
Directors declared a quarterly cash dividend of $.38 per share of the Corporation&#146;s
outstanding common stock payable September 29, 2006, to stockholders of record at the
close of business on September 15, 2006. Attached to this Current Report on Form 8-K as
Exhibit 99 is a copy of the Corporation&#146;s related press release dated July
20,&nbsp;2006. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A002></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 9.01 FINANCIAL
STATEMENTS AND EXHIBITS. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99 Press Release of the
Corporation dated July 20,&nbsp;2006. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 99 shall not be deemed filed
for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, except as shall
be expressly set forth by specific reference in a filing. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A003></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORWARD-LOOKING
STATEMENTS </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This Current Report on Form 8-K
contains &#147;forward-looking statements&#148; within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are
intended to come within the safe harbor protection provided by those statutes. By their
nature, all forward-looking statements involve risks and uncertainties, and actual results
may differ materially from those contemplated by the forward-looking statements. Several
factors that could materially affect the Corporation&#146;s actual results are identified
in Item 1A of Part I of the Corporation&#146;s Annual Report on Form 10-K for the year
ended December 31, 2005. </FONT></P>



<HR SIZE=5 COLOR=GRAY NOSHADE>
<DIV STYLE="page-break-after:always"></DIV>
<P ALIGN=CENTER><FONT FACE="TIMES NEW ROMAN" SIZE=2>-3-</FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<A NAME=A005></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>THE BLACK &amp; DECKER
CORPORATION </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<A NAME=A006></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>S I G N A T U R E S </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized. </FONT></P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="50%"><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
     <TD WIDTH="50%"><FONT FACE="Times New Roman" SIZE="2">THE BLACK &amp; DECKER CORPORATION<BR>
<BR>
<BR>
By:<U> /s/ CHRISTINA M. MCMULLEN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Christina M. McMullen<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and Controller<BR>

</FONT></TD></TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date: July 20, 2006 </FONT></P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<DIV STYLE="page-break-after:always"></DIV>


</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>form8k07202006b.htm
<DESCRIPTION>EXHIBIT 99 FILED JULY 20, 2006
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="55%" ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Contact:</FONT></TD>
     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Mark M. Rothleitner<BR>
Vice President<BR>
Investor Relations and Treasurer<BR>
410-716-3979<BR>
<BR>
Roger A. Young<BR>
Vice President<BR>
Investor and Media Relations<BR>
410-716-3979
</FONT></TD></TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<A NAME=A001></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FOR IMMEDIATE RELEASE:
Thursday, July 20, 2006 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 2 Left" FSL="Default" -->
<A NAME=A002></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Subject:&nbsp;&nbsp;&nbsp;&nbsp;
Black &amp; Decker Increases Share Repurchase Authorization by Eight Million Shares; Purchases 4.1<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Million Shares Year-to-Date;
         Declares Regular Quarterly Cash Dividend</FONT>


<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Towson,
MD &#150; The Black &amp; Decker Corporation (NYSE: BDK) announced that its Board of
Directors increased the Corporation&#146;s authorization under its stock repurchase
program by 8.0 million shares, representing more than 10% of the shares outstanding. The
Corporation repurchased approximately 2.3 million shares in the second quarter and 4.1
million shares year-to-date, fully utilizing its previous authorization. In addition, its
Board of Directors declared a quarterly cash dividend of $0.38 per share of the
Corporation&#146;s outstanding common stock payable September 29, 2006, to stockholders of
record at the close of business on September 15, 2006. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nolan
D. Archibald, Chairman and Chief Executive Officer, commented, &#147;Black &amp; Decker
has generated record free cash flow in each of the last three years and used that cash wisely
to enhance shareholder value. Since the beginning of 2003, we have invested over $1.2
billion in bolt-on acquisitions, including Baldwin Hardware and Weiser Lock, the
Porter-Cable/Delta industrial power tool business, and Vector Products, Inc. During this
period, we also invested over $900 million to repurchase nearly 16% of our common stock and more
than tripled our quarterly dividend. The Board&#146;s decision today to increase the share
repurchase authorization reflects our confidence in the Corporation&#146;s ability to
deliver excellent cash flow. We will remain disciplined stewards of capital, balancing
acquisitions, share repurchases and dividends to best serve our shareholders.&#148; </FONT></P>
<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A NAME=A003></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(more) </FONT></P>

<HR SIZE=5 COLOR=GRAY NOSHADE>
<DIV STYLE="page-break-after:always"></DIV>


<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<A NAME=A004></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page Two </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
release includes forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. By their
nature, all forward-looking statements involve risks and uncertainties. For a more
detailed discussion of the risks and uncertainties that may affect Black &amp;
Decker&#146;s operating and financial results and its ability to achieve the financial
objectives discussed in this press release, interested parties should review the
&#147;Risk Factors&#148; sections in Black &amp; Decker&#146;s reports filed with the
Securities and Exchange Commission, including the Annual Report on Form 10-K for the
fiscal year ended December 31, 2005. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Black
&amp; Decker is a leading global manufacturer and marketer of power tools and accessories,
hardware and home improvement products, and technology-based fastening systems. </FONT></P>

<!-- MARKER FORMAT-SHEET="Center Rule" FSL="Default" -->
     <P ALIGN=CENTER>#&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;#&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;# </P>
<HR SIZE=5 COLOR=GRAY NOSHADE>
<DIV STYLE="page-break-after:always"></DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
