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Ultramarines

HQ- Marneus Calgar with Armour of Antilochus = 285
Tigurius = 165
4x Honour Guard with Chapter Banner = 135

Troops- Tactical Squad with flamer, missile launcher and Rhino = 195
Tactical Squad with flamer, heavy bolter and Rhino = 190
Tactical Squad with meltagun, multimelta, combi-melta and Drop Pod = 205

Elites- Terminator Assault Squad with 5x TH/SS, with Land Raider Crusader with multimelta = 485
10x Sternguard with 2x combi-melta, 2x combi-plasma, heavy flamer and Drop Pod with locator beacon = 325

Fast Attack- Stormtalon Gunship with skyhammer missile launcher = 125

Heavy Support- Vindicator = 125
Vindicator = 125
Centurion Squad with 3x grav-cannons and omniscope = 260

Grey Knights Detachment
HQ- ML1 Ordo Malleus Inquisitor in Terminator Armour with psycannon = 110

Troops- Terminator Squad with 3x halberds, 2x daemonhammers and psycannon = 225

Total: 2955

There are bits and pieces that I like about this army, and I can see where you're going with it.

That said, I have some thoughts, in no particular order than what I saw -

1. I really don't think relic blades are worth the points, especially considering they sacrifice the AP value. Personally I'd drop and put them elsewhere, perhaps in more honour guard.

2. Drop Pods - Only spotted two. Odd numbers of pods are better at producing a greater Alpha Strike, especially when you have 3, where 2/3 come in. I'd suggest your have one more pod, from the melta tac squad or stick them all in rhinos.

3. What's the plan with the Centurions? I imagine they're doubled up with Tig, but if they're going on foot with only 24" range, they'll likely be a target.

4. Calgar, same as the Centurions. More 2+ Armour, but a likely target without a transport.

5. One vindicator? Likely to be targetted and killed early on. Recommend dropping it or swapping the predator for another one.

6. I can't comment on the GK really, but I'd suggest that Marneus and HG have that role covered, from the looks of them. Personally, I'd allocate those elsewhere.

7. AA. Now in smaller games, a Talon would be enough (arguably). But in 3k, I'd suggest one more at the very least. If not a Raven.

All together - my 2 pence.

Ultramarines

HQ- Marneus Calgar with Armour of Antilochus = 285
Tigurius = 165
5x Honour Guard and Chapter Banner, with LR Redeemer with MM = 405

Troops- Tactical Squad with flamer, Melta bomb, drop Pod = 190
Tactical Squad with flamer, heavy bolter and Drop Pod = 190
Tactical Squad with meltagun, multimelta, combi-melta and Drop Pod = 205

Elites- Terminator Assault Squad with 5x TH/SS, with Land Raider Crusader with multimelta = 485
10x Sternguard with 2x combi-melta, 2x combi-plasma, heavy flamer and Drop Pod = 315

Fast Attack- Stormtalon Gunship with skyhammer missile launcher = 125
Stormtalon Gunship with skyhammer missile launcher = 125

Heavy Support- Vindicator = 125
Vindicator = 125
Centurion Squad with 3x grav-cannons and omniscope = 260

Seconded. All good feedback.

Thanks for the great replies!
Will drop relic blades, save points there!
Predator to Vindicator is good too, will do!
Calgar is in the Land Raider Crusader with TH/SS Termies.
Sternguard drop in and secure the objective, but the Tacticals would drop to support other aspects of my force where they are struggling. They weren't made for Alpha Strike.
I like having the GK for fluff and for the extra Terminatpr Armour/psychic powers.
What to do with the spare points?

Another Talon, if you can fit.

Any idea of where to free up 80 points to do that? I could drop the locator beacon, multimelta and omniscope to make some room, but that's still 50pts to go.

What's your updated list?

The updated list is the first one I posted!