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The US Navy has said that making public any additional UFO footage would "harm national security" that’s why it is classified.
The US Navy stated that disclosure "may provide adversaries valuable information regarding Department of Defense/Navy operations, vulnerabilities, and/or capabilities.”
No parts of the video can be highlighted for publication and all government UFO footage is classified information. This response is quite interesting, as it is common for military departments to give what is known as a GLOMAR response.
As part of such a response, they neither confirm nor deny that the videos exist and refuse to say anything else. In the latest response, however, the US Navy admits it has more footage and also gives the rationale for releasing the three previous UFO videos:
While three UAP videos were released in the past, the facts specific to those three videos are unique in that those videos were initially released via unofficial channels before official release. Those events were discussed extensively in the public domain; in fact, major news outlets conducted specials on these events. Given the amount of information in the public domain regarding these encounters, it was possible to release the files without further damage to national security.
The US Navy admits that these events were widely discussed in the public domain and that major news outlets ran special reports on them.
The Pentagon has spoken regularly about UFOs in recent years, and in early 2022 it showed additional UFO clips to Congress. The military probably wanted to tell the public and Congress that UFOs are very real and a threat, and that they need more funding to determine what they are and perhaps protect people from them.