What is it? Some commenters have said it's a surface-to-surface missile. Others have said it could be anything no longer top secret if the video was, indeed, declassified. So it might even be a project the U.S. military developed.
But when you listen to the audio from the Navy, you will hear a very perplexed person exclaim, "What the ---- is that thing?"
I'd say it definitely had an effect on him.
Is this an object that can be classified as a UFO? Sure, since the jury is still out as to exactly what it is. This does not necessarily mean it's from any other planet. I'm just trying to maintain my skepticism. -Fritz