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TeachMeFinance.com - explain floating craft company floating craft company 'floating craft company' is an military term meaning '(DOD) A company-sized unit made up of various watercraft teams such as tugs, barges, and barge cranes. See also watercraft'. Previous 5 Terms: flight profile- flight quarters - flight surgeon flight test floating base support_ Next 5 Terms: floating dump- floating mine - flooder flotation fly-in echelon_ Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.