Checked it out, there are a few problems.
First the motion is too linear. It lacks the "floating" feel of drone/aerial footage. There is a bit too much shake/rotation in the video. I'd play with the stabilization options to try for a little smoother video.
The color is too yellow. I'd either shift the color to be a bit more green or completely desaturated the footage.
The big static box in the upper right corner of the screen seems unneeded. Would probably be better to replace with some numbers counting down as if indicating range.
I'd animate the lines on the left having them move a either up or down. They are also a little too thin and a little too clean. make them match the grain of the video and maybe a slight blur to the edges.
The base video looks too washed out and lacking contrast. I had to struggle to realize there were people in the shot. I'd play with an adjustment curve,
I would add small boxes similar to the one around the cross hair to point out the people before it locks on.
Move the text to the bottom center and make sure it is in title safe. It is too low where it is.
Have the cross hairs and bounding box flash as they lock on. Perhaps even changing color. The lines should be a little thicker. I would also keep the cross hairs on top of the band. They seem to drift away after it has locked. They shouldn't do that.
If you feel like it, roto around the band and color them with the colorama effect as if the drone is using a thermal or similar type sensor on them. Or do something to highlight the band. They are very hard to see/make out in the video. Perhaps as the cross hairs move over each person they are then highlighted from that point forward.
I would add some random numbers in places to help give that computer drone feeling.
Consider having the static fade in and out a little throughout the clip. Not much, just enough to give the feeling of the signal going in and out a bit.
The image shift as the signal cuts out is good. I'd maybe play with that a bit and make it go in and out, maybe throw in a flash frame or two from the next clip in the video.
In a digital signal you wouldn't have static, but digital noise and blocking, but I wouldn't worry about that most people don't know that. I would however not have the static end by shrinking into a rectangle. I would first scale just the Y so you get a line over the black background. Then either have that fade off in 3-5 frames or scale to zero over the x and y over 3-5 frames.
You may want to add some scan lines to the video to give it more of a "video" look. Make your own or download this one (
http://img580.imageshack.us/img580/4391/5ga5.jpg) and use either multiply or screen depending on whichever looks better.
I'm not sure why the drone loses signal. If it is supposed to be because it strikes the band, then I would do a digital zoom to make it like it is getting closer.
Not sure why it says "prosecuting target". Maybe "engaging target" or just "engaging" would be a better choice and more military like.