He's not being punished ... he screwed up royally.
One lucky sum bit - but it's not the first time. I remember same thing happening to an F-18 at an air show at MCAS El Toro, and an F-22 Raptor cushioned on the runway not too long ago as well. Frankly, I would make him to TAD with the Navy landing ont he deck of an aircraft carrier. ALl he needed was a tailhook and he would have caught #3.