This Day in Aviation History
July 14th, 1954
First flight of the McDonnell XV-1.
 
The McDonnell XV-1 was an experimental compound gyroplane developed for a joint research program between the United States Air Force and the United States Army to explore technologies to develop an aircraft that could take off and land like a helicopter but fly at faster airspeeds, similar to a conventional airplane. The XV-1 would reach a speed of 200 mph (322 km/h), faster than any previous rotorcraft, but the program was terminated due to the tip-jet noise and complexity of the technology which gave only a modest gain in performance…..
 
Source:
Wikipedia, McDonnell XV-1: http://gstv.us/2a72dnU
 
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