The compound helicopter is a hybrid combination of a helicopter and a fixed wing aircraft. A conventional helicopter is modified with a nose-mounted tractor propeller to provide thrust for forward flight. Wings are added to provide lift during forward flight. With the propeller providing thrust and the wings lift during forward flight, the helicopter rotor blades are unloaded during cruising flight to allow increased forward speed by avoiding limitations of conventional helicopters, including retreating rotor blade stall and maximum rotor blade tip speeds. A single powerplant drives both the main rotor and the nose-mounted propeller. The compound helicopter employs high aspect ratio wings with large flaps that may be extended to reduce vertical drag during vertical flight and hovering operations.