The 35 second clip was reportedly captured by an infrared camera aboard a F/A-18 fighter jet travelling at 25,000 feet in 2015.
The video, released on March 9, purportedly shows US Air Force aircraft monitoring a UFO off the United States east coast at an altitude of 7500 metres in 2015.
The objects, which the pilots initially suspected as being drones of some sort, appear to hover briefly before zipping away at speeds that elicit gasps from the pilots, the Washington Post reported. "Got it!" when he locks on.
"Wow, what is that, man?" the other pilot says. "Look at that flying!" another exclaims.
A still image from an apparent UFO sighting by US Navy pilots.
Last December, retired U.S. Navy Cmdr.
The video has emerged just four months after the DoD confirmed the existence of a secret $US22 million program to investigate UFOs which ran from 2007 to 2012.
"I have never seen anything in my life, in my history of flying that has the performance, the acceleration - keep in mind this thing had no wings", he said.
Watch as bystanders try to thwart hit-and-run driver
One man tries to open the passenger-side door of the auto , but breaks off the handle. "That is insane . The clip ends with the SUV driving off, being pursued by some of the other cars that were at the scene.
It is not the first time UFO footage recorded by the military has been declassified.
Included in this report, the New York Times obtained video from the us government from a 2004 event in which a "whitish oval object" was chased by two F/A-18F fighter jets off the coast of San Diego.
Luis Elizondo, the former head of the Advanced Aerospace Threat Identification Program who now works at To The Stars Academy, told CNN on Monday that the newly released video provides further evidence of what he said is likely a much larger cache of Pentagon materials about unidentified aerial phenomena and underscored the need for a public conversation around the issue.
Thomas Crosson, a spokesperson with the Pentagon, told the Times at the time in an email that the program ended due to "higher priority" issues that needed additional funding.
Chris Mellon, an adviser to TTSA and a former deputy assistant secretary of defense for intelligence for the Clinton and George W. Bush administrations wrote an op-ed in the Washington Post on Friday arguing that more attention needs to be directed to the issue, or the USA risks being "technologically leap-frogged by Russian Federation or China".
Mellon wrote, "We have no idea what's behind these weird incidents because we're not investigating".
One of the reasons why there has not been a serious effort is because there is a negative stigma associated with those who believe that the UFOs may be visitors from beyond Earth.
"Nobody wants to be "the alien guy" in the national security bureaucracy; nobody wants to be ridiculed or sidelined for drawing attention to the issue". "This is true up and down the chain of command, and it is a serious and recurring impediment to progress".