The invention discloses an Al-Li-Ta aluminum and 
lithium alloy and a 
machining technology thereof. The Al-Li-Ta aluminum and 
lithium alloy is smelted at the temperature of 700-800 DEG C and has a 
combustion resistant property. The Al-Li-Ta 
alloy is composed of, by weight, 2.0-6.0% of Li, 1.0-2.0% of Ta, 2.0-8.0% of Sr, 1.0-4.0% of In, 0.2-0.6% of Gd, 0.2-0.4% of Dy, 0.1-0.2% of Ho, 1.0-2.5% of B and the balance aluminum. By adopting the optimized alloying method, the utilization amount of the alloy elements can be reduced greatly, a very good 
combustion resistant effect can be achieved, and the 
combustion point of the alloy rises sharply while the content of the combustion resistant elements is reduced obviously. The purpose that the alloy can be subjected to heat preservation and standingfor 5 hours without obvious combustion under the 
atmosphere environment within the range of 700-800 DEG C. The alloy material has the 
mechanical property of a traditional aluminum and 
lithium alloy,the yield strength is 400-650 MPa, the tensile strength is 500-750 MPa, and the 
ductility is 4-15%. Meanwhile, the alloy has the 
high heat conductivity property which the traditional aluminum and lithium alloy does not have, the heat 
conductivity coefficient is 120-140W / m.K, while the heat 
conductivity coefficient of the traditional aluminum and lithium alloy is about 85W / m.K.