The invention discloses a Gd-Lu-containing aluminum alloy section bar for space flight and aviation and a preparation method thereof. The Gd-Lu-containing aluminum alloy section bar comprises, by weight, 5.2-6.4% of Zn, 1.8-2.6% of Mg, 1.5-2.0% of Cu, 0.3-0.6% of Mn, 0.25-0.35% of Cr, 0.1-0.3% of Si, 0.15-0.25% of Fe, 0.05-0.1% of Ti, 0.04-0.08% of Zr, 0.2-0.4% of Gd, 0.1-0.2% of Lu and the balance Al. Gd and Lu rare earth elements are added into an Al-Zn-Mg-Cu series aluminum alloy and through alloying, alloy as-cast grains are refined, strengthening phase precipitation density is improved, strengthening phase distribution is uniform, recrystallization is inhibited, crystal boundary movement is prevented, re-crystal grain growth is inhibited, alloy strength is substantially improved and stress corrosion resistance and welding performances of the alloy are improved. Gd and Lu replace Sc and are added in the Al-Zn-Mg-Cu series aluminum alloy so that a production cost is not greatly improved and alloy strength is greatly improved. The Gd-Lu-containing aluminum alloy section bar can be widely used in the field of space flight and aviation.