Disclosed is an aluminum base alloy suitable for forming into a wrought product having improved combinations of strength, corrosion resistance and fracture toughness. The alloy is comprised of 0.2 to 5.0 wt. % Li, 0.05 to 6.0 wt. % Mg, at least 2.45 wt. % Cu, 0.01 to 0.16 wt. % Zr, 0.05 to 12 wt. % Zn, 0.5 wt. % max. Fe, 0.5 wt. % max. Si, the balance aluminum and incidental impurities.