Hugo is definitely arming himself. He recently ordered a military vessel and 20 patrol boats from Spain, through the good agencies of his bud, Zapatero.
The AK-47s & patrol boats aren't the most serious things on American & Colombian minds.He has ordered around 50 Mig-29SMT multi-role fighters,along with the latest Russian AAMs & ASMs(some of which have only been sold to China & India)-it will be the biggest sale order for the Mig-29 after India purchased about 80 in the late 1980s.He has also reportedly booked a large number of Mi-35 attack choppers,which could be deadly against any regional army,like the Colombian army.