Improved aluminum-copper-lithium alloys are disclosed. The alloys may include 3.4-4.2 wt. % Cu, 0.9-1.4 wt. % Li, 0.3-0.7 wt. % Ag, 0.1-0.6 wt. % Mg, 0.2-0.8 wt. % Zn, 0.1-0.6 wt. % Mn, and 0.01-0.6 wt. % of at least one grain structure control element, the balance being aluminum and incidental elements and impurities. The alloys achieve an improved combination of properties over prior art alloys.