The Dragonfly tilt-rotor aircraft is a vertical take-off and landing vehicle that can hover efficiently like a traditional helicopter and fly horizontally at speeds up to 350 knots. It is meant as a personnel transport for civilian or military use. Originally designed as a low cost ship to shore transport for naval operations using their compact size to enable multiple Dragonflys to operate from one vessel. It has since been envisioned to span the US Coast Guard and the civilian sector as well. Dragonfly is projected to cost $5 million per unit and stands in a fiscal region between smaller helicopters and larger Blackhawks ($20 million each) or V-22 Ospreys ($72 million each). By using a ducted fan within the rear fuselage of the vehicle, the front propeller diameter can be reduced, drag during forward flight is lessened and faster forward speeds are obtained without compromising VTOL capability.