Photo is an official news release from the Lockheed-California Newsbureau and shows what they call a HYBRID 'HELI-PLANE' cargo carrier. Plan was introduced by Dr. Phillip Carlson, research-director-aircraft of the Lockheed-California-Company. It would be able to take off and land helicopter-style using small and unpaved sites. In forward flight the two-bladed rotor would be stopped in minimum drag position and the load carried by the vehicle's fixed wing. It would be cheaper to operate than a convential helicopter because cruise efficiency would approach that of a fixed wing airplane. Gross weight would be 70,000 lbs. It could carry a 25,000 lbs payload at a cruise speed of 150 knots. Range would be 800 miles.
This very peculiar combination of Chinook and Hercules never progressed beyound the project stage.
Lockheed had similar plans for a future 'heliplane' that could stop rotor after vertical take off and stow the blades into the fuselage. Artist impression shows a project for 20 passengers.
Also this never materialized!