Seems like an attempt to tie in with the infamous "Phoenix Lights" sighting in the 90's, but a picture taken from that location suggests far too many more plausible alternatives.
Yeah, I thought of that - Luke is kinda sleepy these days, maybe they have some boring drone stuff going on. Believe the mainstay now is F-35.
But I did notice this on their website:
It’s still some stupid balloons and we all know it. Some F-35 driver didn’t just park over North Phoenix to have fun with the rubes, but I suppose he could have!