High strength precipitation hardening stainless steel alloy is disclosed. The steel alloy has a composition by weight %, about: 30.0% max nickel (Ni), 0.0 to 15.0% cobalt (Co), 25.0% max chromium (Cr), 5.0% max molybdenum (Mo), 5.0% max titanium (Ti), 5.0% max vanadium (V), about 0.5% max lanthanum (La) and/or cerium (Ce), and in balance iron (Fe) and inevitable impurities. The steel alloy provides a unique combination of corrosion resistance, strength and toughness and is a material for aircraft landing gears and structures.