Composite metal foam panels, manufactured using 2 mm steel hollow spheres embedded in a stainless steel matrix and processed using a powder metallurgy technique, were used together with boron carbide ceramic and aluminium 7075 or Kevlar back panels to fabricate a new composite armour system. This composite armour was tested against NIJ-Type III and Type IV threats using NIJ 0101.06 ballistic test standard. The highly functional layer-based design allowed the composite metal foam to absorb the ballistic kinetic energy effectively, where the CMF layer accounted for 60–70% of the total energy absorbed by the armour system and allowed the composite armour system to show superior ballistic performance for both Type III and IV threats. The results of this testing program suggests that CMF can be used to reduce the weight and increase the performance of armour for Type III and Type IV threats.