An F-35 fighter jet crashed in Alaska on Tuesday after the pilot managed to eject from the aircraft, officials said.

The crash occurred just before 1 p.m. within the fence line of Eielson Air Force Base, which is located about 26 miles southeast of Fairbanks, Alaska, according to the 354th Fighter Wing Public Affairs. Officials said the pilot was safe and taken to Bassett Army Hospital for further evaluation.

The incident was captured in a dramatic video that shows the jet falling out of the sky before it smashes into the ground, exploding on impact and sending a plume of smoke into the air.

“Our people are our most important resource, and we are committed in ensuring their safety and security,” said Colonel Paul Townsend, commander of the 354th Fighter Wing. “I can assure you the United States Air Force will conduct a thorough investigation into this incident to minimize the chances of such occurrences from happening again.”

Last May, a pilot was seriously injured after he ejected from an F-35 before the fighter jet crashed off the airfield at Albuquerque International Sunport. When the aircraft went down, it was headed from Fort Worth, Texas, to Edwards Air Force Base in California, and had stopped at Kirtland Air Force Base in New Mexico to refuel.

According to a fact sheet for the F-35, the aircraft is worth $135 million dollars.

This article originally appeared on USA TODAY: F-35 fighter jet crashes in Alaska; pilot is 'safe' after ejecting