The structural integrity of a dual-purpose metal cask currently under development by the Korea Radioactive Waste Agency (KORAD) was evaluated, through numerical simulations and a model test, under high-speed missile impact reflecting targeted aircraft crash conditions. The impact conditions were carefully chosen through a survey on accident cases and recommendations from literature. In the impact scenario, a missile flying horizontally hits the top side of the cask, which is freestanding on a concrete pad, with a velocity of 150 m/s. A simplified missile simulating a commercial aircraft engine was designed from an impact load–time function available in literature. In the analyses, the dynamic behavior of the metal cask and the integrity of the containment boundary were assessed. The simulation results were compared with the test results for a 1:3 scale model. Although the dynamic behavior of the cask in the model test did not match exactly with the prediction from the numerical simulation, other structural responses, such as the acceleration and strain history during the impact, showed very good agreement. Moreover, the containment function of the cask survived the missile impact as expected from the numerical simulation. Thus, the procedure and methodology adopted in the structural numerical analyses were successfully validated.