Unfortunately, without being able to talk to the witness who reported this, it is impossible to determine how accurate the story is, but if it is true, it would certainly not be the first time an encounter between a huge UFO and a military aircraft has taken place. The most famous such incident took place over England in 1957, when Dr. (then Major) Milton Torres was ordered to scramble his fighter and attack a UFO he described as being "the size of an aircraft carrier." When he armed his rockets, it disappeared. To watch Nick Pope’s interview of Dr. Torres, click here.

Story Source:
http://www.ufoclearinghouse.com/apps/blog/entries/show/10729366-coast-guard-c-130-flight-crew-encounters-mile-wide-ufo-over-the-
Dreamland Video podcast
To watch the FREE video version on YouTube, click here.

Subscribers, to watch the subscriber version of the video, first log in then click on Dreamland Subscriber-Only Video Podcast link.