Probably not
The US policy towards Egypt started in the 1970's during the Cold war, until the Yom Kippur War (October 1973) the Egyptians had been supported by the Soviets, when Sadat decided to switch sides and make peace with Israel (to get back the Sinai) the US was more then willing to reward him. Egypt was one more pawn in the Cold War on the American side. The same applied throughout the 80's. In the 90's Egypt has been thought of as a moderate Arab country who can provide stability to the region (i.e. ensuring the flow of oil). American support for Egypt has little to do with Israel.