“This news from the ICA that Boeing helped strengthen the Israeli aerospace sector by US$1 billion in just three years is impressive but not surprising,” said Maria Laine, Boeing vice president.
Boeing Co and Tactical Robotics are working together to develop a ducted fan propulsion technology with potential uses for piloted and autonomous light aircraft.
Ethiopian Airlines connects Israel to over 120 destinations spread across five continents, including Africa, Asia, the Americas and Europe.
The first commercial space flights are slated to take off in 2020, but the FAA can't implement new regulations until 2023.
Monday's sacking coincides with Boeing struggling to mend relations with the regulators it needs to win over to get the grounded 737 back in the air.
Officials from the aerospace company and NASA breathed sighs of relief following the landing, a highly challenging feat.
The Starliner setback came as Boeing, whose shares dropped 1.6% on the day.
The Transportation Ministry, which oversees the CAAI, said IAI's proposed solution was being tested by the authority.
The 737 NG is the third-generation 737 and version before the now grounded 737 MAX, which is not impacted by the cracking issue.
While the value of the deal was undisclosed, Israeli business daily cited sources estimating the deal to be worth approximately $500 million.