The vibration and stability of thin, flexible corotating disks in an enclosed compressible fluid is investigated analytically and compared with the results of a single rotating disk. The discretized dynamical system of the corotating disks is derived in the compact form of a classical gyroscopic system similar with a single disk. For the undamped system, coupled structure-acoustic traveling waves destabilize through mode coalescence leading to flutter instability. However, it is found that the flutter regions of the corotating disks are wider than those of a single disk. A detailed investigation of the effects of dissipation arising from acoustic or disk damping is also performed. Finally, in the presence of both acoustic and disk dampings, the instability regions are found and compared with those of a single disk. Although this study does not allow a radial clearance between the disk and the enclosure, the computational frame work of the problem can be expanded to the system having the radial clearance in an enclosure.