As per the report, the package would also include funds for some 14,000 interceptors, giving the IDF the ability to operate "conservatively, 25 new batteries" across Israel.
Iron Dome has gotten most of the media coverage for the last decade, but the Arrow is the top tier of Israel's missile shield.
A budget of $33 million has been earmarked to establish a production facility in Arkansas.
"We would advise that vessels wait further offshore than ordinarily given the risk of collateral damage at sea," according to a maritime security company representative.
The White House on Monday said it expected to fulfill additional security requests from Israel as quickly as possible.
The Iron Dome's effectiveness was similar to past rounds of conflict with Gaza (which has ranged from around 85-95% effective) and had shot down many thousands of rockets
In Israel, the US has an ally on the front lines of the fight against terrorism, nuclear proliferation, and an emboldened Iran.