A high hardness, high strength, and high impact toughness steel for military articles such as armor plates, bodies of deep penetrating bombs, and missiles. The steel has a HRC of 54 to 56, UTS of 290 to 305 ksi, YS of 225 to 235 ksi, an elongation of 13-14%, a reduction of area of 47-50% and a Charpy V-notch impact toughness energy of 26 to 28 ft-lbs at room temperature. The microstructure of the steel consists essentially of fine packets of martensitic lathes, fine titanium carbides as centers of growth of the martensitic lathes, and retained austenite.