An Air Force pilot is safe after ejecting out of an F-35 fighter jet that then crashed at the Eielson Air Force Base in Alaska.

The U.S. Air Force has dramatically plussed-up contracts with General Electric and Pratt & Whitney, both of which now have a ceiling of $3.5 billion, to continue work on prototype next-generation jet engines.

Video captured the moment a single-seat F-35 fighter jet crashed during a training exercise at a base in Alaska. The Air Force pilot is reported to be safe after ejecting.