Ok, so Hal Puthoff (an old Stargate hand; I like him) was the one running that 2007 military contract through Bigelow (a name long whispered as being a UFO buff). And here he is talking about it.
Bismuth and terahertz radiation, hmm. I do remember much whispering about bismuth and also terahertz in the fringe literature, maybe going back to the 90s. This Art Bell sample is maybe why?
The whole College is flying blind, though. Nobody really knows anything.