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"Situation report." "Current targets: 4 visually confirmed. Maybe 7 max. Possessing small-caliber firearms."

Literal

Situation report [obj-を]. / Currently targets [topic-は] visual-sighting 4. Maximum 7 [question-か]. Small-caliber firearms [obj-を] possess.

Military/tactical dialogue, very compressed. 状況報告 ('situation report') is compact military Sino-Japanese. The first speaker requests this with just the noun phrase + を (elided verb). 目視 ('visual sighting/confirmation') is military/technical. 小口径火器 ('small-caliber firearms') is a compound. The entire response is a telegram-style series of incomplete sentences — typical of radio communication in fiction. Each fragment stands alone without predicates.