This document discusses two new aluminum-lithium alloys, 2099 and 2199, for aerospace applications. It summarizes a trade study conducted between Alcoa and Bombardier using these alloys, which highlighted weight and performance benefits when alloys with optimized properties are selected for specific aircraft applications. Testing showed that 2199 plate provided up to 25% lower weight than alternatives for lower wing skins, while 2099 extrusions and 2199 sheet were best for lower wing stringers and fuselage skins, respectively. Properties of 2199 plate compared favorably to the incumbent 2024 alloy, with lower density, better corrosion resistance, and fatigue crack growth performance.