Replacing aluminum sliding windows on a stucco exterior requires taking an approach that preserves both its integrity and proper installation of new windows. Here is a step-by-step guide based on information found through search results:

Prep and Measure: Before taking down existing windows, it’s essential to take accurate measurements in order to make sure the new ones fit as planned. This requires measuring height, width, and depth dimensions of window openings. Insert windows may be beneficial as they fit inside existing frames with their flush-fin or block-fit frames – this provides an attractive solution as the stucco flange conceals it from view from the outside.
Removing Old Windows: With caution and special tools in hand, carefully remove old aluminum sliding windows. This may require cutting through stucco around the window frame – something special tools may need to do given its hardness (equivalent to solid rock). Care must be taken when taking this step so as to not cause extensive damage to its exterior surface.
Preparation for New Window Installation: Once the old window has been taken down, prepare its opening for installation of the new one by cleaning, making minor repairs to stucco or framing, checking moisture issues and improving insulation around its frame. This may also present an opportunity to improve insulation before installing the new window.
Installing a New Window: Installation must be conducted carefully and precisely to achieve optimal performance from insert windows. Place them inside their current frame with care to ensure perfect alignment, plumbness and secure fastening. Proper sealing of insert windows’ stucco flange plays an integral part in this regard and must remain watertight to preserve energy efficiency and avoid water intrusion.
Finishing Touches: Once the window has been installed, any gaps between it and the stucco should be filled in with caulking to prevent water damage and drafts. Any stucco damaged during installation would also need to be patched to match its exterior – an intricate task which may require professional expertise to achieve seamless results.
Inspection and Clean-Up: Finally, check your installation for gaps, leaks or operational issues with your window, cleaning away any debris or dust created during its assembly.
Consider that while DIY projects may be rewarding, replacing windows in a stucco exterior might present unique challenges that require professional skills in maintaining its aesthetic and structural integrity. Consulting or hiring an experienced stucco expert could save time and avoid potential issues that might arise during installation of replacement windows.
