DEVELOPING: United States Air Force Thunderbird Crashes During Graduation Ceremony

Thunderbird F-16 Fighting Falcon's fly a close formation with an F-35A Lightning II over Ft. Lauderdale, Fla., May 5, 2016. (U.S. Air Force photo/Tech. Sgt. Christopher Boitz)

COLORADO SPRINGS, COLORADO -- A U.S. Air Force Thunderbird F-16 aircraft crashed here shortly after conducting a flyover in support of the U.S. Air Force Academy graduation commencement ceremony June 2, 2016.

The crash occurred approximately 5 nautical miles south of Peterson Air Force Base at approximately 1 p.m. The pilot ejected safely and is with medical personnel undergoing evaluation as a precaution.

The Air Force will perform a thorough investigation into the causes of the mishap, and those findings will be released when the investigation is complete.