It could happen to anyone. It says nothing about the safety of routine carrier operations and only points out the risks of overwater operations.
Strange. The -29 is a twin engine aircraft. You’d think if one engine failed it could limp back on just one. Then again, just after launch, low, slow, full of fuel and ordnance... Maybe he couldn’t jettison ordnance and dump fuel fast enough? Or if not an engine failure, some other flight critical system like fuel or a significant failure in the fly by wire system.