As a new type of protection design, composite armor structures have good performance in impact resistance, and have been widely used in ship structure protection. Due to its academic value and potential applicability, the dynamic characteristics of ship composite armor structures were studied in this paper. The whole process of the shaped charge’s explosion and penetration, and the ship composite armor structures’ damage response were described. According to the numerical simulation with Ansys-Autodyn, it was found that the ship composite armor structures were damaged not only by the explosively formed projectile but also by the detached shock wave in the conditions of contact underwater explosion and the thickness of composite armor structures was the main factor effecting the impact resistance properties.