This paper presents high-velocity impact analysis of two-way RC slabs, including steel fibers and strengthening with fiber reinforced polymer (FRP) sheets for evaluating impact resistance. The analysis uses the LS-DYNA program, which is advanced in impact analysis. The present analysis was performed similarly to the high-velocity impact tests conducted by VTT, the technical research center of Finland, to verify the analysis results. High-velocity impact loads were applied to 2100×2100×250 mm size two-way RC slab specimens, using a non-deformable steel projectile of 47.5kg mass and 134.9m/s velocity. In this research, extra impact analysis of material specimens was carried out to verify the material models used to the analysis. The elastic-plastic hydrodynamic model, concrete damage model and orthotropic elastic model were used to simulate the non-linear softening behavior of steel fiber reinforced concrete (SFRC), and material properties of normal concrete and FRP sheets, respectively. It is concluded that the suggested analysis technique has good reliability, and can be effectively applied in evaluating the effectiveness of reinforcing/retrofitting materials and techniques. Also, the Steel fiber and FRP sheet strengthening systems provided outstanding performance under high-velocity impact loads.