Yeah, I've more or less aligned with Steven Greenstreet on this - it's a grift by a cult of UFO activists within the Pentagon, diverting funds and attention from legitimate programs and being given legitimacy by gullible people like Chuck Schumer and I assume David Grusch.
And somewhere in the midst of all the bullshit there's probably some interesting stuff happening with drones and exotic propulsion that maybe caught the US military off guard, but I would bet a cubic meter of money that it isn't aliens.