This claim is somewhat misleading. In the Department of Defense’s AARO 2024 Report on Unidentified Anomalous Phenomena, they stated having received 757 reports of Unidentified Anomalous Phenomena (UAP) within the fiscal year. However, “272 reports featured UAP incidents that occurred between 2021 and 2022 but were not reported to AARO until this reporting period and consequently were not included in previous annual UAP reports.” The report also states that, “It is important to underscore that, to date, AARO has discovered no evidence of extraterrestrial beings, activity, or technology.” Furthermore, the Hill article linked within the claim also states that “The increase in cases is due to more engagement reporting rather than a surge in UAP activity, according to AARO.” The evidence within the DOD report does not necessarily support that “UFO sighting are on the rise,” especially since more than a third of the recorded reports were of incidents in earlier years.
DOD report: https://media.defense.gov/2024/Nov/14/2003583603/-1/-1/0/FY24-CONSOLIDATED-ANNUAL-REPORT-ON-UAP-508.PDF
The Hill article: https://thehill.com/newsletters/defense-national-security/4991662-ufo-sightings-numbers/#:~:text=The%20increase%20in%20cases%20is,to%20birds%2C%20balloons%20or%20drones.