A dual-mode high speed rotorcraft is disclosed which combines the efficiency of a helicopter with the high-speed capability of a fixed wing aircraft. The rotorcraft includes a rotor for propulsion during low-speed flight and hover, which is stopped and locked to function as a fixed wing during a high-speed flight. Also included are a canard and a high-lift tail, which together function to provide substantially all of the lift for the rotorcraft during the transition between low and high-speed flight, so that the rotor may be unloaded while starting and stopping.