Observance of UFO over military base in 1979 or 1980

Occurred many years ago, but while my father was stationed at the Whidbey Island, Wa Naval Air Station, my mother and I obeserved a UFO. We were coming back from a friends house later at night, it was a clear night and dark with no cloud cover. We stopped to get the mail from our box, and my mom said to look out the window. In the sky was a large and very bright circular object, yellow in color with a streaking appearance to it, as if you threw something wet and the water would come off it as it flies. The streaks were yellow and would disappear. Here is the interesting portion of the event. Behind the craft/UFO was a Naval jet from NAS Whidbey, probably an A-6 Intruder, which were stationed there, chasing it. The craft flew behind the trees and we lost view of it. The A-6, about half a mile behind it, followed, and we lost sight of it. We went into the house and never heard anything about it. I have since served in the military, and have never seen anything of the like of this occurrence. I was young, but this is still very clear in my mind. I never reported it until now as I never knew of a place to report such info.
Witness indicates that the date of the incident is approximate.  PD