The high velocity impact performance in hybrid woven carbon and S2 and E glass fabric laminates manufactured by resin transfer molding (RTM) was studied. Specimens with different thicknesses and glass-fiber content were tested against 5.5 mm spherical projectiles with impact velocities ranging from 300 to 700 m/s to obtain the ballistic limit. The resulting deformation and fracture micromechanisms were studied. Several impacts were performed on the same specimens to identify the multihit behavior of such laminates. The results of the fracture analysis, in conjunction with those of the impact tests, were used to describe the role played by glass-fiber hybridization on the fracture micromechanisms and on the overall laminate performance under high velocity impact.