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AX1004 Compilation Error

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When compiling any Dynamics AX model project on production server I get the following warning and error:

Warning
MSB3644: The reference assemblies for framework ".NETFramework,Version=v4.0" were not found. To resolve this, install the SDK or Targeting Pack for this framework version or retarget your application to a version of the framework for which you have the SDK or
\C:\Windows\Microsoft.NET\Framework\v4.0.30319\Microsoft.Common.targets
Line: 983

Error
AX1004: Reference System.Core, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b77a5c561934e089 was not a valid model assembly.
\C:\Windows\Microsoft.Net\assembly\GAC_MSIL\System.Core\v4.0_4.0.0.0__b77a5c561934e089\System.Core.dll

There are no problems with the projects on the development server, everything is compiled without errors or warnings. But when I transfer projects to the production server compilation fails.

Has anyone else had this problem? Any idea on how to fix that?

 

 


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