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I'm thinking about starting a Space Marine army. I want a mechanized force, I don't know these exact point values but I was wondering if this army as a whole is at least potentially competitive.

HQ

Force Commander


Troops

Tac Squad inside Rhino

Tac Squad inside Rhino


Fast Attack

Land Speeders x2

Land Speeders x2

Land Speeders x2


Elite

Terminator Squad x5 (inside Land Raider)


Heavy Support

Land Raider (holding the Terminator squad)


I know i haven't done all of the upgrades etc. yet, but would this theme/concept be a viable army in the 40k world? Or would it get owned? Thank you.

In general, it's better to have more troops (choices) than not. This applies to all armies, not just marines.

This thread discusses how many troops to take in what size game.
http://www.dakkadakka.com/dakkaforum/posts/list/253983.page

Besides more troops, think about what kind of wargear you'd like on your units.

Also, Landspeeders are fun, but not the most durable unit in the codex.

This article can give a good idea how each unit in the codex is usefull.
http://www.dakkadakka.com/wiki/en/Space_Marine_Tactica_%28Age_of_Egos%29

Good luck, and don't rule out starting a non-marine army...

Agree if your still looking at all options consider some of the Xenos!

Your force commander with Termis in LR?

Your tac squads sitting on objectives just leaves 6 speeders and one monster assault plaform to run interference - as Iboshi2 mentioned the speeders get hammered pretty quick unless you zipping them around.