08:43 AM EDT, 08/12/2026 (MT Newswires) -- Stanley Black & Decker ( SWK ) plans to invest $1 billion in the US through 2028 to advance innovation, develop new tools and boost its manufacturing operations, the company said Wednesday.

Almost half of the investment will go toward research and development, while the remainder will support capital expenditures and other long-term investments, the company said.

Stanley Black & Decker ( SWK ) said it also committed $60 million through 2030 to its DEWALT Grow the Trades initiative to expand skilled-trades training, with $27 million already invested.