The movie's star Jeremy Renner is up for the Best Actor in a Leading Role Oscar, competing against George Clooney (Up In The Air), Morgan Freeman (Invictus), Jeff Bridges (Crazy Heart) and Colin Firth (A Single Man).
In the Best Director category, Bigelow will fight it out with her ex-husband James Cameron, who is praised for his sci-fi epic Avatar, along with Quentin Tarantino (Inglourious Basterds), Lee Daniels (Precious: Based On The Novel Push By Sapphire) and Jason Reitman (Up In The Air).
The Hurt Locker is also in the running for Best Picture - the film is among 10 nominees for the prestigious accolade, including Avatar, Up In The Air, The Blind Side and Precious: Based On The Novel Push By Sapphire.
Meanwhile, Sandra Bullock has landed her first Oscar nomination for her role in The Blind Side - the star will go up against Meryl Streep (Julie & Julia), Helen Mirren (The Last Station), Carey Mulligan (An Education) and Gabourey Sidibe (Precious: Based On The Novel Push By Sapphire) for the title of Best Actress in a Leading Role.
Matt Damon (Invictus), Woody Harrelson (The Messenger) and Christoph Waltz (Inglourious Basterds) are among the nominees for the Best Actor in a Supporting Role Oscar, while Penelope Cruz (Nine), Mo'Nique (Precious: Based On The Novel Push By Sapphire), Maggie Gyllenhaal (Crazy Horse) and Up In The Air's Vera Farmiga and Anna Kendrick will battle for the Best Actress in a Supporting Role prize.
The nominees for 10 of the 24 categories were unveiled by Anne Hathaway and Academy of Motion Picture Arts and Sciences President Tom Sherak at an early morning news conference on Tuesday (02Feb10) at the Academy's Samuel Goldwyn Theater in Beverly Hills.
The Oscars will be handed out on 7 March (10) at the Kodak Theatre in Hollywood.