An exact solution for the steady state Navier-Stokes equations in cylindrical coordinates is presented in this work. It serves to investigate the fluid flow and heat transfer occurring between two stretchable disks rotating co-axially at constant distance apart. The governing equations of motion and energy are first transformed into a set of nonlinear differential equation system by the use of von Karman similarity transformations, which are later solved numerically. The small Reynolds number case allows us to extract closed-form solutions for the physical phenomenon. The effects of the same or opposite direction rotation, as well as the stretching parameter and the Reynolds number, are discussed on the flow and heat characteristics. The main physical implication of the results is that stretching action of a disk surface alters considerably the classical flow behavior occurring between two disks and the physically interesting quantities like the torque and heat transfer are elucidated in the presence of a new physical mechanism; that is the surface stretching in the current research. (C) 2016 AIP Publishing LLC.