The most common and most likely answer to this crossword clue is the 7 letter word ARMOURY
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More clues leading to the result ARMOURY
Buddy explains!

The straight part
We know that "Ordnance depot" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case ordnance depot = armoury.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does ARMOURY mean?
ARMOURY noun- Heraldry
- A place where arms are kept, an arsenal.
- A collection of weapons and materiel.
- A place where arms are made.