U.S. Fighter Jet Crashes into Apartment Complex

4/6/2012 10:50 AM PDT

U.S. F-18 Fighter Jet Crashes into Apartment Complex in Virginia

This is the smoldering wreckage of an F-18 Hornet fighter jet that crashed into an apartment complex in Virginia moments ago.

The Navy confirms ... the crash occurred around 11 AM in Virginia Beach. Two people were injured -- a pilot and a person on the ground. They were both hospitalized with non-life threatening injuries.

The Navy says both members of the 2-person crew ejected from the jet.

The jet reportedly costs roughly $67 MILLION.

It's unclear what caused the plane to go down. So far, there are no reports of casualties.

Rescue crews are currently at the scene.