A rigid retractable patio or window awning includes a number of rigid panels disposed in a tiered relationship with each other. Each lower panel is slidably connected with its respective upper panel via a set of slides. The top panel remains stationary. An awning operating mechanism includes arms connected via swivel joints with the bottom panel. Each arm also is connected via a threaded nut with a drive screw. The awning is extended by rotating the drive screw, which causes the nuts to travel along the drive screw causing the arms to push the bottom panel outwardly and the bottom panel to pull along any intermediate panels. The awning is retracted by rotating the drive screw in the opposite direction.