This has been around for years, but I stumbled across it again recently and started wondering if there is any truth in it?

The governments Project CARET (Commercial Applications Research for Exrta-Terrestrial Technology). There were at least 4 sightings over California near NASA held assets (Moffet Field and Ames Research Center) with very clear pictures from 4 different witnesses.

Are the military, or perhaps an unknown private organisation — reverse engineering extraterrestrial technology? The so called secret project was codenamed CARET, and appeared to be in operation in the 80s.

Project CARET - AKA Dragonfly Drone

Project CARET - AKA Dragonfly Drones

Below are 5 videos, which together form Case 47204 Reverse Engineering, part of the UFO Hunters show that aired on the History channel.

Part 1 of 5
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Part 2 of 5
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Part 3 of 5
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Part 4 of 5
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Part 5 of 5
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All of Isaac’s claims, including images, photos and copies of the alledged photocopied secrect document can be found here: Explanation of the Recent “Strange Craft” Sightings.

A quick Google search will also throw up a whole host of interesting information, hoax claims, alleged cover-ups and similar sitings.