The influence of uncertainty in material properties on free vibration and aeroelastic response of variable angle tow (VAT) laminated plates is presented in this work. Free vibration analysis is conducted by a finite element model based on third-order shear deformation theory. The FE model is further coupled with MSC. Nastran to carry out aeroelastic analysis of VAT laminates in the subsonic regime. MSC. Nastran helps to extract the aerodynamic influence coefficient matrix at discrete values of reduced frequencies using Doublet Lattice Method. The accuracy and adaptability of the highly efficient radial basis neural network (RBFN) based surrogate model developed for uncertainty analysis are checked by comparing the result with that of the Monte Carlo simulation. Stochastic analysis of natural frequencies and flutter characteristics of VAT laminates are conducted through various parametric studies. Variance-based sensitivity analysis is used to calculate the contribution of individual material properties to the free vibration and aeroelastic response of VAT laminates. Further, the influence of the highly sensitive properties on the structural failure probability is estimated. This research can be leveraged to predict the probability of failure of the structure at different levels of material uncertainty present in it.