In this research work, the weldability of low alloyed AISI 4340 aeronautical steel and AISI 304L austenitic stainless steel joined by continuous current (CC) and pulsed current (PC) gas tungsten arc welding (GTAW) techniques, using ER309L and ERNiCr-3 filler metals was investigated. The main focus of the study involves the investigation on the effect of continuous and pulsed current mode of GTA welding process on the metallurgical and mechanical properties of these dissimilar weldments. Microstructure studies revealed the formation of different zones across the weldments, vis-à-vis martensite at the HAZ of AISI 4340, vermicular δ - ferrite /ferrite stringers at the HAZ of AISI 304L, pearlite colonies at the parent metal of AISI 4340 and equi-axed cellular and/or columnar dendrites at the weld zone. Tensile results showed that current pulsing accrued better tensile properties. The structure - property relationships of these weldments were established based on the current modes employed by utilizing combined techniques of optical microscopy, scanning electron microscopy (SEM) and energy dispersive spectroscopy (EDS).