SOFIA, Bulgaria (AP) — A Soviet-built MiG-29 fighter jet from Bulgaria's air force crashed into the Black Sea during a military exercise and the pilot is missing, the Bulgarian Defense Ministry said Wednesday.
The ministry said the fighter jet disappeared from radar at 12:45 a.m. local time over the country’s territorial waters. It said a search and rescue operation was launched immediately and is continuing, but the pilot’s status remains unknown.
The reasons for the crash are unclear, but military officials suspended the Shabla 2021 drill.
Two other MiG-29 jets belonging to Bulgaria crashed in 1994 and in 2012.
Since joining NATO in 2004, Bulgaria has sought to replace its air fleet of Soviet-made Mig-29 jets, but financial problems have caused repeated delays.
The Balkan country signed a deal in 2019 to buy eight F-16 military jets from U.S.-based firm Lockheed Martin as part of efforts to bring its air force in line with NATO standards. The first of the F-16’s are scheduled to be delivered to Bulgaria by 2023.
Before you consider Lockheed Martin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lockheed Martin wasn't on the list.
While Lockheed Martin currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
Companies Mentioned in This Article
Compare These Stocks Add These Stocks to My Watchlist
