The moment a fighter jet crashed at Eielson Air Force Base in Alaska has been caught on camera. On Tuesday, Jan. 28, the Eielson Air Force Base shared in a press release that a F-35 Lightning II jet crashed within the fence line of the base earlier that day at 12:49 p.m. local time.

Shocking video captured an F-35 fighter jet plummeting onto the runway and bursting into flames during a training exercise at Eielson Air Force Base in Alaska early Tuesday afternoon. The footage,

Authorities said in a press release that the crash happened at 12:49 pm at the base. The pilot is safe and was “transported to Bassett Army Hospital for further evaluation.” After the incident, Colonel Paul Townsend, commander of the 354th Fighter Wing, said in a statement, according to New York Post:

An F-35A fighter jet crashed at Eielson Air Force Base, near Fairbanks, just before 1 p.m. on Tuesday. A news release from the base said the pilot ejected from the aircraft and was not hurt, but that he was taken to Bassett Army Hospital on Fort Wainwright for evaluation.

The F-35 is called the “latest fifth-generation fighter” and replaced the F-16 Fighting Falcons and A-10 Thunderbolt II’s.

Officials said the pilot was safe and in stable condition at a local hospital. The incident was captured in a dramatic video that shows the jet falling out of the sky before it smashes into the ground,

An Air Force F-35 fighter jet crashed at Eielson Air Force Base in Alaska on Tuesday as the pilot ejected safely, officials said.

An Air Force F-35 fighter jet crashed at Eielson Air Force Base in Alaska on Tuesday as the pilot ejected safely, officials said.

A U.S. Air Force jet, estimated to be worth around $80 million, can be seen in video footage appearing to spin uncontrollably as it plunges toward the ground.

Air Force officials said the pilot experienced an “inflight malfunction” but was able to eject from the aircraft before it crashed.

Despite the announcements, Lockheed Martin shares fell on Tuesday and were down on Wednesday. The United States Department of Defense (DoD) is loosening its proverbial purse strings, reducing a set of withheld funds for the Lockheed Martin F-35 Lightning II.