A projectile may be deformed and eroded due to the high pressure generated by hypervelocity penetration, which makes it difficult to describe the penetration mechanism for protection engineering by existing theories at such high velocities. To analyze the penetration depth of concrete-like targets subjected to hypervelocity impact by kinetic energy weapons, experiments with ogive-nosed steel projectiles penetrating mortar targets are conducted, where the average uniaxial compressive strength of the mortar targets is 41.8[Formula: see text]MPa and the impact velocities range from 1[Formula: see text]225[Formula: see text]m/s to 2[Formula: see text]392[Formula: see text]m/s. The experimental results show that the crater diameter and crater depth have a linear relationship with the striking velocity. The depth of penetration (DOP) increases linearly first and then decreases sharply and increases slowly again. Three penetration regimes are observed in turn with increasing velocity, i.e. rigid projectile penetration, abrasive projectile penetration and semifluid projectile penetration. Furthermore, based on a study of the dynamic compression behavior and penetration resistance function of concrete, a hydroelastoplastic-frictional penetration model is established. The velocity range is divided into solid penetration, semifluid penetration and fluid penetration, which correspond to [Formula: see text], [Formula: see text] and [Formula: see text], respectively. Then, the rigid and abrasive projectile penetration models, which consider the projectile mass loss, are verified by the present test data. Finally, the semifluid projectile penetration model is evaluated with the existing test data. These results can provide support for research on the damage effect of hypervelocity kinetic energy weapons and the design of underground strategic protection engineering.