A vortex lattice method for the aerodynamic analysis of counter-rotation propellers was developed. This model along with an unsteady Sears analysis for correcting the quasi-steady loadings that are obtained from the vortex lattice model were used to predict the performance of counter-rotation propeller systems. The method developed shows good correlation with experimental results. The investigation into the unsteady loadings on each of the propellers indicates that significant variations in loading occur due to the unsteady flow and due to the propeller blade passage. These variations were found to be as high as 17 percent of the mean value. The parametric studies that were performed indicate that reducing the rear propeller's diameter or rotational speed results in a loss of efficiency.