A vertical take-off and landing (VTOL) aircraft is provided and includes a fuselage with first and second wings extending outwardly from opposite sides of the fuselage, nacelles with proprotors respectively disposed on the first and second wings, the proprotors being rotatable to generate lift in vertical flight and thrust in horizontal flight and exhaust deflectors disposed proximate to trailing ends of the nacelles. The exhaust deflectors are disposed to assume at least first, second and third configurations respectively associated with first, second and third flight conditions.