A carrier garment configured to carry protective panels on a user's torso allows adjustment of the carrier garment and the protective panels to accommodate a wide range of bust and torso sizes, from flat-chested to full figured bust and torso lines. Embodiments allow quick adjustment back to a flat configuration to accommodate rifle protection plates that require the carrier and the underlying panels to be flat. Various embodiments can be locked to ensure that the garment retains its adjusted shape. A shaping point and/or a slit can be provided to assist in shaping stiff materials. Embodiments include a plurality of attachment points to which a lower end of an adjustment lanyard can be attached. A lining or inner layer can be included, and can be configured to adjust in shape with the outer garment. The outer garment and/or the liner or inner layer can include a protective material.