The interaction between projectiles and ice during water entry is crucial for advancing polar resource exploration and military operations in polar regions. This study introduces a fluid-structure interaction (FSI) model to simulate the dynamics between projectiles and light-thin ice under a motion state, validated through laboratory experiments. It examines the cavity evolution patterns during water entry and analyzes the motion states and dynamic characteristics of both the projectile and the floating ice. The influence of the horizontal-to-vertical velocity ratio (u*) and the initial pitch angle (φ) on the water entry process and collision dynamics has also been considered. The results reveal that as the projectile approaches the floating ice, it generates a wave-making effect, impacting the formation of the water entry splash crown and the deflection motion of the ice. Additionally, the hydrodynamic force acting on the projectile increases by 40 % compared to free water entry conditions. After the collision between the projectile and the light-thin ice, the pinch-off characteristics of the water entry cavity alter. This collision influences the motion state and dynamic characteristics of the projectile, while the ice experiences both collision and hydrodynamic forces, leading to passive motion. With an increasing water entry velocity ratio, the light-thin ice forms an expanding cavity during passive water entry, affecting the cavity pinch-off of the projectile. When u* > 1, the projectile exhibits circuitous motion post-collision with the ice. Variations in water entry angles of the projectile alter the collision mode between the projectile and the ice, resulting in changes to their motion states and dynamic characteristics. A critical pitch angle exists during the cavity pinch-off process.