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Azerbaijan is currently at conflict with Armenia over Nagorno-Karabakh, the peace talks have been stalled currently, and the military build-up continues.
During the last 2 years Azerbaijan spent $3.7 billion on arms procurement, and one of the most recent arms purchases include the $1.6 billion contract signed with IAI (Israel Aerospace Industries) in early 2012.
http://www.haaretz.com/news/diplomac...aijan-1.414916
Currently the military spending stands at $5 billion. In comparision, Armenian military spending is $300 million.
Some of the military equipment:
S-300PMU2
Mi-35M
Mi-24 Superhind (upgrade of Mi-24)
MLRS
Mig-29
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