A panel method derived from inviscid irrotational flow theory and utilizing hyperboloid panels is developed and applied to the simulation of steady fully wetted flows inside water-jet pumps and rocket engine inducers. The source and dipole influence coefficients of the hyperboloid panels are computed using Gauss quadrature. The present method solves the boundary value problem subject to a uniform inflow directly by discretizing the blade, casing/shroud and hub geometries with panels. The Green's integral equation and the influence coefficients for the water-jet/inducer problem are defined and solved by allocating constant strength sources and dipoles on the blade, hub and casing surfaces and constant strength dipoles on the shed wake sheets from the rotor/ stator blades. The rotor- stator interaction is accomplished using an iterative procedure which considers the effects between the rotor and the stator, via circumferentially averaged induced velocities. Finally, the hydrodynamic performance predictions for the water-jet pump and the inducer from the present method are validated against existing experimental data and numerical results from Reynolds Averaged Navier- Stokes (RANS) solvers. / text