Randy Rhoads , the unforgettable guitarist for Ozzy Osbourne , has been posthumously inducted into the Rock and Roll Hall of Fame. This information comes from Loudwire .

Nearly 40 years after his death in a tragic plane crash , the musician will be honored by the institution at this year's induction ceremony with the Musical Excellence Award , described as an honor "for artists, musicians, composers and producers whose originality and influence in creating music has had a dramatic impact on music."

In addition to Rhoads, this year's ceremony will also include LL Cool J and another posthumous award for keyboardist Billy Preston, who played with the Beatles, Rolling Stones , and Little Richard , in the same category.

Iron Maiden was left out of this year's Hall of Fame induction list , but Foo Fighters earned a spot. See the selected artists here.

READ ALSO: “The Final Countdown” is a rip-off of Randy Rhoads, says Ozzy Osbourne's producer

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