Two Air Force jets chasing object

1998 date unknown I did observe two Air Force jets chasing an object is heading from the West to the east after about a minute or two and high speed chase I saw the two aircraft brake off and heading back to the West they gave up in approximately five minutes later I saw the same object again coming from the south headed towards the North   in the direction Stevensville leaving the vicinity of Gatesville  Texas  I was working on a state prison unit and was on a guard Tower at the time when I observe the action in the air of the two aircraft breaking off away from the object the next day I went to the local newspaper in Killeen Texas and ask the editor at the front desk if there'd been any reports of anything in the Western sky outside of Fort Hood area, the man then stated to me or you another person that sing that object in the sky I looked at him and said okay that's all I need to hear he started hollering at me to come back and talk to him but I said no I'll not be ridiculed but idiots that don't understand I went back out in my vehicle and left I knew at that time what I seen was real it was not a figment of my imagination because other people had seen it also, the aircraft both look like F-15 Eagles, I did have my private pilot's license my father was in the military for 37 years I also worked at it Army Airfield in Germany when I was in high school one of my hobbies is military aircraft at that time I could tell you every known military aircraft in the USA allies and Warsaw Pact and I can guarantee you the aircraft they was chasing at the time was no known aircraft it had no wings it just look like a smear in the sky it was moving so fast it look like a cylinder almost like a flying pill

I have attached a diagram of the sighting. 1 denotes the initial sighting above the treeline 2 denotes the eventual sighting at the treeline 3 denotes the light going out, then white and red lights trailing on the hill

In the early morning hours of December 1, 2013, about 12:30 AM, in Coryell County, Texas. Myself and others were at our ranch house, when my cousin and I walked outside to talk. I immediately noticed a bright red light above the hill to the North East about 700 yards from where we were standing. This is the hill country, we are standing in a low spot of pastures surrounded by hills close enough to walk to in all directions in 20 minutes (even to the hill where the light is at). It was very bright, bright enough to know that we had never seen it before in our lives at the ranch. It seemed to hover above the treeline on the hill for a few minutes, then seemed to be under the treeline in a clearing on the hill.

The light was extremely bright red. It seemed like a red beacon light, with the following pattern: 

• Starting a blank black.
• Revolving left to right.
• Blank black.
• Revolving left to right.
• Blank black.
• Flashing to the right.
• Blank black.
• Flashing to the left.
• (repeat)

It briefly stopped for a minute or so, then started back up again. Others came out of the house to witness, then after a few more minutes it stopped.

Afterwards, we saw white lights, then red lights trailing on top of the hill and then all were gone.

(These seemed like car headlights and car taillights, maybe this red light was just a warning distress beacon light or something. Maybe somebody else. Has anybody seen something like this on the market today? I have searched the internet, but haven't found any light that exhibits these properties yet.)

In the morning, we had a rare direct flyover by 6 military helicopters flying in formation over the hill to the South. Followed by another formation of 4 over the East hill from the night before. Could be a coincidence, as we are close to Fort Hood, but we have never seen this sort of activity over our ranch in all of our generations there.