New footage of a small jet taken with a FLIR camera appears to show a similar shape to the “Gimbal“ UFO video. Combine this with what we know about rotating glares, “aura“, and parallax, and it seems like a very good explanation for the Gimbal video is just a distant jet.
The rotation is caused by the gimbal system in the camera needing a de-rotation step to keep the horizon constant. That’s probably why the Navy labeled this video “Gimbal“ to explain what it showed
Dave Falch Video: .