Piasecki Helicopter Corporation was a designer and manufacturer of helicopters located in Philadelphia and nearby Morton, Pennsylvania, in the late 1940s and the 1950s. Its founder, Frank Piasecki, was ousted from the company in 1956 and started a new company, Piasecki Aircraft. Piasecki Helicopter was renamed Vertol Corporation in early 1956. Vertol was acquired by Boeing in 1960 and renamed Boeing Vertol.
History
The Piasecki Helicopter Corporation was founded in 1940 by Frank Piasecki and fellow aeronautics student Harold Venzie as the P-V Engineering Forum ; the other partners were F.J. Kosloski, Donald N. Meyers, Elliott Daland, and Walter Swartz. The first design from P-V Engineering was the PV-1, a rotorless-tail design that used a tapering tail cone and pressurized air to suppress main rotor torque. Venzie left the firm in 1943. The PV-2 was a more conventional design and became the second helicopter flown in the United States. It was designed and flown by Frank Piasecki on April 11, 1943. Piasecki had limited pilot experience; the PV-2 was tethered to the ground as a safety measure, but the clothesline he used broke. He towed the helicopter behind his car in October 1943 to Washington, DC to demonstrate it to federal government officials; because the wheels had no bearings, he had to stop every 10 to 15 minutes to cool them. When asked to show his pilot's license following the demonstration in Washington, Piasecki admitted he did not have one and he was issued the first helicopter pilot's license on October 20, 1943, by the Civil Aviation Administration.
With the successful demonstration of the PV-2, Piasecki convinced the United States Navy to fund the development of a follow-on prototype, signing a contract on January 1, 1944; this marked the start of the design and sale of a series of tandem rotor helicopters to the Navy. The resulting PV-3 became the world's first successful tandem rotor design. The PV-3 first flew on March 7, 1945 and bore the Navy designation XHRP-X; it was larger and capable of lifting more than the contemporary Sikorsky designs. Because P-V Engineering lacked the capital to fund production, the company was reorganized and renamed to the Piasecki Helicopter Corporation in 1946, with Laurance Rockefeller and A. Felix du Pont Jr. taking a controlling interest of 51% interest in exchange for $500,000. After constructing two more prototypes, the PV-3 would go into production as the HRP-1 in 1947. The HRP-1 was commonly nicknamed the "flying banana" because of the upward angle of the aft fuselage which ensured the large rotors did not hit each other in flight, and because the United States Coast Guard, which used the HRP-1 for long-range rescue operations, painted their units yellow. The name would later be applied to other Piasecki tandem-rotor helicopters of similar design. An evolutionary follow-on design to the HRP-1, designated HRP-2, used an all-metal skin and switched crew seating to side-by-side instead of tandem; however, the limited power meant only five were built, all for the Coast Guard. In 1949, Piasecki provided the H-21 Workhorse to the United States Air Force, an improved version of the HRP-2 with a more powerful Wright R-1820 Cycloneradial engine. Piasecki's tandem-rotor helicopters flew higher than competing single rotor designs, and offered a smoother ride. At approximately the same time the HRP-1 and HRP-2 were being developed, the Navy commissioned Piasecki to design a smaller tandem-rotor utility helicopter; the resulting prototype, which Piasecki called the PV-14, was designated XHJP-1. These went into production as the HUP-1, with the first variants delivered to both the Navy and the United States Army in 1949; in total, 339 were delivered to the militaries of the United States, Canada, and France by 1954. The HUP was designed with overlapping main rotor blades, which reduced the size so they could be carried on aircraft carrier elevators.
Piasecki is forced out
was brought in as president and director of Piasecki Helicopters in 1953, while Frank Piasecki was chairman of the board. Under Piasecki, the company began the PV-15 large transport tandem helicopter project. The prototype PV-15 was first flown in 1953, but a fatal crash in January 1956 led to the cancellation of the project. The majority owners eventually lost faith in Frank Piasecki's leadership and by May 1956 he was forced out of the company. He had formed a new company, Piasecki Aircraft Corporation to pursue the development of compound helicopters and other rotorcraft. In two successive special stockholders' meetings the board then changed the name of Piasecki Helicopter to Vertol Aircraft Corporation and amended the bylaws to bar Piasecki's re-election as a director, on the grounds that he was running a rival company.
Acquisition by Boeing
In 1956, Vertol began developing a successor to the HUP with improved lift capacity by using turboshaft engines. The project was designated Vertol Model 107, and a prototype first flew on April 22, 1958. Impressed, the Army awarded a contract for ten production aircraft in June and later asked Vertol in March 1959 to produce a larger version, which was designated V-114. With the pressure to produce two relatively new designs, Vertol again ran into financial pressure and was acquired by Boeing on March 30, 1960, who renamed it Boeing Vertol. It became the Boeing Helicopter Division in 1987.
